Housing affordability during the urban transition in Spain

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dc.contributor.author Carmona, Juan
dc.contributor.author Lampe, Markus
dc.contributor.author Rosés, Joan R.
dc.contributor.editor Universidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Sociales
dc.date.accessioned 2014-09-12T13:20:27Z
dc.date.available 2014-09-12T13:20:27Z
dc.date.issued 2014-09-01
dc.identifier.issn 2341-2542
dc.identifier.uri http://hdl.handle.net/10016/19341
dc.description.abstract During 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.
dc.description.sponsorship Financial 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).
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Working papers in Economic History
dc.relation.ispartofseries 14-05
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Demand and supply of housing
dc.subject.other Regulation in housing markets
dc.subject.other Urban growth
dc.subject.other Spain
dc.title Housing affordability during the urban transition in Spain
dc.type workingPaper
dc.subject.jel N93
dc.subject.jel N94
dc.subject.jel R30
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2011-25713
dc.relation.projectID Gobierno de España. ECO2012-39169-C03-01
dc.type.version submitedVersion
dc.identifier.uxxi DT/0000001276
dc.identifier.repec wp14-05
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