Resum
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 original | Anglès |
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Lloc de publicació | Barcelona, ES |
Nombre de pàgines | 29 |
Estat de la publicació | Publicada - 1 de maig 2005 |
Publicat externament | Sí |