Housing and cost of living: Application to the Spanish regions

Rubén Garrido-Yserte, Elena Mañas-Alcón and Maria Teresa Gallo-Rivera

Journal of Housing Economics, 2012, vol. 21, issue 3, 246-255

Abstract: Spain is a home-owner economy, and housing is a key good for determining the cost of living. However, its treatment in indices such as the Spanish Consumer Price Index (CPI) makes it impossible to measure the real impact of housing on the cost of living. This issue is especially relevant at the regional level, where the differences in the housing markets are very substantial. This paper demonstrates the importance of taking account of owner occupied housing in a measure of the cost of living for Spain.

Keywords: Owner-occupied housing; CPI; Regions; Regional income; Spain (search for similar items in EconPapers)
JEL-codes: D12 R21 R31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:21:y:2012:i:3:p:246-255

DOI: 10.1016/j.jhe.2012.07.002

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