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Thank you for your help, however I am more concerned with creating a model that isolates the effect of 'cost of credit' on house prices. I.e. the basic interest rate plus bank rate. Essentially I cannot find a single model that explains the relationship between the two, can anyone help?

Hello, I am in need of some help regarding econometric construction and analysis. I need to construct a 'simple' econometric model of UK house prices, however all the reading that I have done around this area hasn't seemed to help me formulate a general idea of how this would be achieved. Can...