A model of the Spanish housing market
The Spanish housing boom of the early 2000s has raised enormous attention at an international level. To better understand what is happening in the housing market, the current Spanish boom needs to be put into context. Housing demand, the motor of the boom, was triggered by population growth, employment generation, increase of per capita income, and favorable financial conditions. Supply has reacted in a very flexible manner and 2006 witnessed historic levels in residential construction. Yet this boom seemed to be coming finally to an end in 2007, mainly driven by mortgage rate increases. The aim of this paper is threefold: (1) to identify the determinants of the rise of house prices in the last decade, (2) to discuss the likely future of the housing market, and (3) to build an econometric model of the Spanish housing market.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 30 (2008)
Issue (Month): 3 (April)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348|
When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:30:y:2008:i:3:p:353-373. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct email address
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.