The demand-side determinants of multiple property ownership in Spain

José Manuel Torrado, Ricardo Duque-Calvache and Isabel Palomares-Linares

International Journal of Housing Policy, 2020, vol. 20, issue 1, 120-143

Abstract: Home ownership is the usual form of tenancy in Spain and is particularly widespread across all social classes for different historical and cultural reasons. In this context, multiple property ownership (MPO) is not limited to the wealthy. It takes on different forms that have different explanations. Statistics reveal the existence of millions of second homes, private rented properties and a vast number of vacant houses, all of which are illustrative of a complex residential environment. This paper aims to quantify and analyse the types of multiple property in Spain from the demand side, focusing on individual and household owners, drawing on a variety of quantitative data sources. On the aggregate level, the number and type of multiple properties varies depending on geographical factors (coast versus inland; rural versus urban) and the characteristics of the buildings. On the micro level, we have used individual variables to model the demand-side determinants of single property and MPO. This reveals that the relevant variables are not the same for the two groups. MPO in Spain is not only linked to socioeconomic status and savings capacity, pointing to the need for more differentiated explanations.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/19491247.2019.1662974 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:intjhp:v:20:y:2020:i:1:p:120-143

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REUJ20

DOI: 10.1080/19491247.2019.1662974

Access Statistics for this article

International Journal of Housing Policy is currently edited by Professor Suzanne Fitzpatrick, Gerard van Bortel and Richard Ronald

More articles in International Journal of Housing Policy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().