34 research outputs found

    Understanding patterns and competitions of short- and long-term rental markets: Evidence from London

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    In this article, we compare short-term rental (STR) and long-term rental (LTR) price patterns in London using one of the most popular STR platforms, Airbnb, and the LTR platform, Zoopla property website. This research aims to enhance our understanding of both LTR and STR price patterns; as well as STR dynamics specifically, using predictive modeling to analyze how the patterns might evolve. We used the coefficient of variation and correlation analysis to examine the rental price patterns of both short- and long-term markets. Then we developed a rent-based gravity model to predict STR price pattern that is sensitive to the changes in visits to tourist destinations. Based on our analysis, we concluded that: (1) STR prices tend to be higher overall with an indication of higher volatility (less stability) compared to LTR; (2) there is statistical evidence supporting the arguments that STR and LTR markets are indeed in competition; and (3) the proposed gravity model provides a robust prediction of the STR pattern with a characteristic that higher-priced short-term properties are found to be geographically concentrated in the core city areas and those surrounding residential areas with easy access to popular tourist attractions

    Twitter mobility dynamics during the COVID-19 pandemic: A case study of London

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    The current COVID-19 pandemic has profoundly impacted people's lifestyles and travel behaviours, which may persist post-pandemic. An effective monitoring tool that allows us to track the level of change is vital for controlling viral transmission, predicting travel and activity demand and, in the long term, for economic recovery. In this paper, we propose a set of Twitter mobility indices to explore and visualise changes in people's travel and activity patterns, demonstrated through a case study of London. We collected over 2.3 million geotagged tweets in the Great London Area (GLA) from Jan 2019 -Feb 2021. From these, we extracted daily trips, origin-destination matrices, and spatial networks. Mobility indices were computed based on these, with the year 2019 as a pre-Covid baseline. We found that in London, (1) People are making fewer but longer trips since March 2020. (2) In 2020, travellers showed comparatively reduced interest in central and sub-central activity locations compared to those in outer areas, whereas, in 2021, there is a sign of a return to the old norm. (3) Contrary to some relevant literature on mobility and virus transmission, we found a poor spatial relationship at the Middle Layer Super Output Area (MSOA) level between reported COVID-19 cases and Twitter mobility. It indicated that daily trips detected from geotweets and their most likely associated social, exercise and commercial activities are not critical causes for disease transmission in London. Aware of the data limitations, we also discuss the representativeness of Twitter mobility by comparing our proposed measures to more established mobility indices. Overall, we conclude that mobility patterns obtained from geo-tweets are valuable for continuously monitoring urban changes at a fine spatiotemporal scale

    A new attribute-linked residential property price dataset for England and Wales, 2011 to 2019

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    Current research on residential house price variation in the UK is limited by the lack of an open and comprehensive house price database that contains both transaction price alongside dwelling attributes such as size. This research outlines one approach which addresses this deficiency in England and Wales through combining transaction information from the official open Land Registry Price Paid Data (LR-PPD) and property size information from the official open Domestic Energy Performance Certificates (EPCs). A four-stage data linkage is created to generate a new linked dataset, representing 79% of the full market sales in the LR-PPD. This new linked dataset offers greater flexibility for the exploration of house price (£/m2) variation in England and Wales at different scales over postcode units between 2011 and 2019. Open access linkage codes will allow for future updates beyond 2019

    Delineating the spatio‐temporal pattern of house price variation by local authority in England: 2009 to 2016

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    Housing is a major source of inequality in England, but most house price variation studies are conducted at national or regional scale or, conversely, in a specific city. Detailed research at sub-regional level is missing, especially for the period after the global financial crisis. This research addresses this gap with an analysis of variation at local authority level across England between 2009 and 2016. A novel house price per square meter (HPM) dataset is used to control for property size effects in transaction price variation. The effects of two spatial levels (local authority (LA)—and Middle Layer Super Output) together with three time categorizations (quarterly, half-yearly, and yearly) is systematically explored using multilevel models. Results show that the time categorization effects are essentially identical and extremely small, in comparison with the LA effects. As annual effects provide the best model fit, LA annual house price trajectories are explored further. Overall higher HPM LAs grew faster over the 8-year period than lower HPM LAs. [Corrections made on 05 May 2022, after first online publication: '80-year' in the previous sentence has been corrected to '8-year' in this version.] More locally the spatial pattern shows some variation in the overall pattern, with some LAs near London or Bristol exhibiting higher relative percentage HPM increases with a relatively lower initial HPM compared with their neighbors

    Twitter mobility dynamics during the COVID-19 pandemic: A case study of London.

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    The current COVID-19 pandemic has profoundly impacted people's lifestyles and travel behaviours, which may persist post-pandemic. An effective monitoring tool that allows us to track the level of change is vital for controlling viral transmission, predicting travel and activity demand and, in the long term, for economic recovery. In this paper, we propose a set of Twitter mobility indices to explore and visualise changes in people's travel and activity patterns, demonstrated through a case study of London. We collected over 2.3 million geotagged tweets in the Great London Area (GLA) from Jan 2019 -Feb 2021. From these, we extracted daily trips, origin-destination matrices, and spatial networks. Mobility indices were computed based on these, with the year 2019 as a pre-Covid baseline. We found that in London, (1) People are making fewer but longer trips since March 2020. (2) In 2020, travellers showed comparatively reduced interest in central and sub-central activity locations compared to those in outer areas, whereas, in 2021, there is a sign of a return to the old norm. (3) Contrary to some relevant literature on mobility and virus transmission, we found a poor spatial relationship at the Middle Layer Super Output Area (MSOA) level between reported COVID-19 cases and Twitter mobility. It indicated that daily trips detected from geotweets and their most likely associated social, exercise and commercial activities are not critical causes for disease transmission in London. Aware of the data limitations, we also discuss the representativeness of Twitter mobility by comparing our proposed measures to more established mobility indices. Overall, we conclude that mobility patterns obtained from geo-tweets are valuable for continuously monitoring urban changes at a fine spatiotemporal scale

    Twitter mobility dynamics during the COVID-19 pandemic: A case study of London

    No full text
    The current COVID-19 pandemic has profoundly impacted people’s lifestyles and travel behaviours, which may persist post-pandemic. An effective monitoring tool that allows us to track the level of change is vital for controlling viral transmission, predicting travel and activity demand and, in the long term, for economic recovery. In this paper, we propose a set of Twitter mobility indices to explore and visualise changes in people’s travel and activity patterns, demonstrated through a case study of London. We collected over 2.3 million geotagged tweets in the Great London Area (GLA) from Jan 2019 –Feb 2021. From these, we extracted daily trips, origin-destination matrices, and spatial networks. Mobility indices were computed based on these, with the year 2019 as a pre-Covid baseline. We found that in London, (1) People are making fewer but longer trips since March 2020. (2) In 2020, travellers showed comparatively reduced interest in central and sub-central activity locations compared to those in outer areas, whereas, in 2021, there is a sign of a return to the old norm. (3) Contrary to some relevant literature on mobility and virus transmission, we found a poor spatial relationship at the Middle Layer Super Output Area (MSOA) level between reported COVID-19 cases and Twitter mobility. It indicated that daily trips detected from geotweets and their most likely associated social, exercise and commercial activities are not critical causes for disease transmission in London. Aware of the data limitations, we also discuss the representativeness of Twitter mobility by comparing our proposed measures to more established mobility indices. Overall, we conclude that mobility patterns obtained from geo-tweets are valuable for continuously monitoring urban changes at a fine spatiotemporal scale
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