The determinants of housing prices: The case of Spain

Jaime Sabal Cárdenas

Producció científica: Document de treball


Real estate prices have escalated rapidly over the last decade in many developed markets, raising concern among investors. This paper focuses on the residential property market in Spain and touches upon various factors affecting home prices such as population growth, demand and supply of land, investors' expectations, general economic conditions, cultural factors and economic fundamentals. It is tentatively concluded that indeed prices might already be too high and that a correction is likely in the not too distant future. However, more empirical research is needed to validate this hypothesis. A list of possible issues to explore appears in the appendix.
Idioma originalAnglès
Lloc de publicacióBarcelona, ES
Nombre de pàgines29
Estat de la publicacióPublicada - 1 de maig 2005
Publicat externament


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