The research aims at understanding the housing price fluctuations to examine what measures can be taken to reduce the … housing market volatility and control the persistent boom and bust cycles in the UK housing market. In past research, several … models have been developed to measure housing price volatility, such as the Generalized Auto Regressive Conditional …

cost housing market model, involving a rental and a housing capital market. In particular, investors switch between … analytically show that our housing market model may produce endogenous boom-bust dynamics. Furthermore, we demonstrate that policy … makers may use our model as a tool to explore how different tax policies may affect the housing market's steady state, its …