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El precio de la vivienda en España tras el inicio de la crisis económica: un análisis empírico || Housing prices in Spain after the beginning of the financial crisis: An empirical analysis

Author

Listed:
  • Torres-Tellez, Jonathan

    (Universidad Isabel I (Burgos))

  • Montero Soler, Alberto

    (Universidad de Málaga)

Abstract

Esta investigación tiene como objetivo analizar los factores que han influido en los niveles de precios de la vivienda en España tras el inicio de la crisis económica. Para ello se ha elaborado un panel de datos con efectos fijos que comprende 2008-2016 para 17 regiones españolas, que incluye variables del lado de la demanda y de la oferta. Los resultados indican que la demanda sigue siendo el principal impulsor de los precios para el caso español. Además, la oferta también está presionando al alza los precios, un síntoma que puede indicar la posible existencia de una burbuja inmobiliaria. || The objective of this research is to analyse the factors that have influenced on housing market in Spain after the beginning of the financial crisis. To this end, this investigation has used a fixed effect data panel covering from 2008 to 2016 for 17 Spanish regions, which has taken into consideration supply and demand variables. Our findings suggest that demand is still the main price driver for the Spanish case. In addition, supply keeps pushing prices up, a symptom that may show the possible existence of a housing bubble.

Suggested Citation

  • Torres-Tellez, Jonathan & Montero Soler, Alberto, 2021. "El precio de la vivienda en España tras el inicio de la crisis económica: un análisis empírico || Housing prices in Spain after the beginning of the financial crisis: An empirical analysis," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 32(1), pages 376-391, December.
    • Handle: RePEc:pab:rmcpee:v:32:y:2021:i:1:p:376-391
    DOI: https://doi.org/10.46661/revmetodoscuanteconempresa.4502
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    More about this item

    Keywords

    mercado de vivienda; precio de la vivienda; panel de datos; España; housing market; housing prices; panel data; Spain;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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