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A behavioural agent-based model for housing markets 1.0.0

The ABM is intended to help with investigating the impact of financial shocks on house prices resulting from agent behaviours. The model has been developed in NetLogo (Wilensky 1999) as an extension to Gilbert et al. (2009). The model structure and agent behaviours are informed by the characteristics of the UK housing market — with a market constituted of budget bound buyers acquiring residential units without a bidding process. The agents interact within an abstract square pixel grid representing land units. Details of the agents, their behaviours and interactions are described hereafter.

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