This paper uses individual house transaction data from 1995 to 2014 in Amsterdam to explore the risks and interrelationships of the subdistrict house prices. Simple indicators suggest that house prices grow faster and are more risky in the central business district and its immediate surrounding areas than in the peripherals. Furthermore, we observe an over time decreasing intervariations between the subdistrict house price growth rates, whereas we find a lead–lag and house price causal flow from the more central to the peripheral subdistricts.

中文翻译：

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街道房价的风险和相互关系：以阿姆斯特丹为例。

本文使用1995年至2014年阿姆斯特丹的独立房屋交易数据来探讨分区房屋价格的风险和相互关系。简单的指标表明，与外围地区相比，中央商务区及其周边地区的房价增长更快，风险更大。此外，我们观察到随着时间的推移，分区房屋价格增长率之间的相互关系减小，而我们发现从较中央地区到周边分区的超前滞后和房价因果关系。