University of Hertfordshire

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Original languageEnglish
Number of pages9
Pages (from-to)77-86
JournalTerritorio Italia land Administration, Cadastre, Real Estate
Journal publication dateDec 2011
Issue1
Publication statusPublished - Dec 2011

Abstract

The objective of this paper is to make use of the forward-looking price expectations data published by the RICS to explain and forecast U.K. house prices, three-months ahead. The Nationwide index is used to test the performance of the RICS Survey based on the process of bounded rationality. An S-shaped logistic effect is shown to fit the data, assumed to be account of a diffusion path of expectations from surveyors to other agents.

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