Analysing housing market affordability in Northern Ireland: towards a better understanding?

摘要: Purpose The purpose of this research is to examine the nature housing market affordability. Although problem affordability has been widely discussed, theoretical underpinnings concept have received less attention. It become increasingly evident that more holistic insights and integrated approaches are needed provide a platform define influence policy discourse. Design/methodology/approach Given increasing importance within reform, paper seeks “unearth” most important prognosticators The uses principal component analysis determine how affordability, as key tool, should be analysed. In addition, co integration techniques, Granger causality impulse response applied test movement shocks indicators two common metrics. Findings The conclusions stemming from demonstrate multifaceted influenced by financial access (purchase) costs repayment services which correlated interchangeable but significantly were found not integrated. Originality/value Understanding remains for policy-makers. This adds debate empirical understanding cyclic it defined. shows there intricate causal short-term relationships between indicators. problematic contemporary directions in must turn.