<p>I found a working paper  by <a href="https://obr.uk/docs/dlm_uploads/WP06-final-v2.pdf" rel="nofollow noreferrer">Auterson (2014)</a> which estimates that the price elasticity of demand for housing in UK was <span class="math-container">$-0.92$</span>, but it is an auxiliary result as the paper's main intent was to forecast the housing prices in UK not to estimate elasticity - might be still useful though.</p>

CC BY-SA 4.0
2020-08-20T15:24:07.443Z
2020-08-20T15:24:07.443Z
1muflon1
<p>To address what is widely perceived as under-supply of housing in England resulting in high costs of housing, the UK government has set a target of 300,000 new homes annually (the target relates to England only because housing policy in Wales, Scotland and Northern Ireland is the responsibility of their devolved administrations).  I am interested in assessing the effect that achieving that target over a period of years would have on the cost of housing (for both buyers and renters).</p>
<p>Are there any recent (say last 10 years) academic studies of the own-price elasticity of demand for housing in England (or for the whole of the UK)?</p>

<reference-request><housing>
Are there Recent Studies of Price Elasticity of Demand for Housing in England?
Adam Bailey
# Are there Recent Studies of Price Elasticity of Demand for Housing in England?

(Asked by: username_0 on 2020-08-20)

To address what is widely perceived as under-supply of housing in England resulting in high costs of housing, the UK government has set a target of 300,000 new homes annually (the target relates to England only because housing policy in Wales, Scotland and Northern Ireland is the responsibility of their devolved administrations). I am interested in assessing the effect that achieving that target over a period of years would have on the cost of housing (for both buyers and renters).

Are there any recent (say last 10 years) academic studies of the own-price elasticity of demand for housing in England (or for the whole of the UK)?

**Tags:** reference-request, housing


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## 1 answers

### Answer by username_1 on 2020-08-20. Score: 2 | Accepted answer

I found a working paper by [Auterson (2014)](https://obr.uk/docs/dlm_uploads/WP06-final-v2.pdf) which estimates that the price elasticity of demand for housing in UK was $-0.92$, but it is an auxiliary result as the paper's main intent was to forecast the housing prices in UK not to estimate elasticity - might be still useful though.


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