Demand Pressure and Housing Market Expansion Under Supply Restrictions

Paloma Taltavull de La Paz and Federico Pablo Martí

ERES from European Real Estate Society (ERES)

Abstract: The paper analyse the expansion on Madrid housing market submit to a strong inmigration pressure. Economic growth and enlarged labour market attract population to one of the more expensive Spanish housing markets. The split of demand promote building in new areas under land restrictions and strong competition, jumping the frontiers of the county. The analysis estimate the role of residential changes using multivariante analysis with time and spatial varying parameters.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2009-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2009_361

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