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Housing affordability during the urban transition in Spain

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorCarmona, Juan
dc.contributor.authorLampe, Markus
dc.contributor.authorRosés, Joan R.
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2014-09-12T13:20:27Z
dc.date.available2014-09-12T13:20:27Z
dc.date.issued2014-09-01es
dc.description.abstractDuring the decades previous to the Civil War, Spain experienced a rapid process of urbanization, which was accompanied by the demographic transition and sizeable rural-urban migrations. This article investigates how urban housing markets reacted to these far-reaching changes that increased demand for dwellings. To this end, we employ a new hedonic index of real housing prices and construct a cross-regional panel dataset of rents and housing price fundamentals. This new evidence indicates that rents were not a significant financial burden on low-income families and, hence, housing was affordable for working classes. Also, we show that families' access to new homes was facilitated by a sizable growth of housing supply. Substantial investments in urban infrastructure and the institutional framework enabled the construction of new homes at affordable prices. Our results suggest that housing problems were not pervasive during the urban transition as the literature often seems to claim.en
dc.description.sponsorshipFinancial support was received by the Spanish Ministry of Economy and Competitiveness projects: 2013/00066/001 (Juan Carmona), ECO2011-25713 (Markus Lampe) and ECO2012-39169-C03-01 (Joan R. Rosés).en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2341-2542es
dc.identifier.repecwp14-05
dc.identifier.urihttps://hdl.handle.net/10016/19341
dc.identifier.uxxiDT/0000001276es
dc.language.isoenges
dc.relation.ispartofseriesWorking papers in Economic Historyen
dc.relation.ispartofseries14-05es
dc.relation.projectIDGobierno de España. ECO2011-25713
dc.relation.projectIDGobierno de España. ECO2012-39169-C03-01
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelN93
dc.subject.jelN94
dc.subject.jelR30
dc.subject.otherDemand and supply of housingen
dc.subject.otherRegulation in housing marketsen
dc.subject.otherUrban growthen
dc.subject.otherSpainen
dc.titleHousing affordability during the urban transition in Spainen
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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