RT Generic
T1 Housing affordability during the urban transition in Spain
A1 Carmona, Juan
A1 Lampe, Markus
A1 Rosés, Joan R.
A2 Universidad Carlos III de Madrid. Instituto Figuerola  de Historia y Ciencias Sociales, 
AB 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.
SN 2341-2542
YR 2014
FD 2014-09-01
LK https://hdl.handle.net/10016/19341
UL https://hdl.handle.net/10016/19341
LA eng
NO Financial supportwas received by the Spanish Ministry of Economy and Competitiveness projects: 2013/00066/001 (JuanCarmona), ECO2011-25713 (Markus Lampe) and ECO2012-39169-C03-01 (Joan R. Rosés).
DS e-Archivo
RD 29 jun. 2024