Quotation Carmona, Juan, Lampe, Markus, Rosés, Joan R. 2017. Housing affordability during the urban transition in Spain. Economic History Review. 70 (2), 632 -658.


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Abstract

During the decades prior 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, which increased demand for dwellings. To this end, this study employs a new hedonic index of real housing prices and constructs 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 the working classes. The article also shows that families’ access to new homes was facilitated by a sizeable growth in the 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 as pervasive during the urban transition as the literature often seems to claim.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economic History Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new VW-D, WH-A
Language English
Title Housing affordability during the urban transition in Spain
Volume 70
Number 2
Year 2017
Page from 632
Page to 658
Reviewed? Y
URL http://onlinelibrary.wiley.com/doi/10.1111/ehr.12418/full
DOI http://dx.doi.org/10.1111/ehr.12418
Open Access N
JEL N93; N94; R30

Associations

People
Lampe, Markus (Details)
External
Carmona, Juan (Universidad Carlos III de Madrid, Spain)
Rosés, Joan R. (London School of Economics and Political Science, United Kingdom)
Organization
Institute for Economic and Social History IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5340 Economic history (Details)
6521 Economic history (Details)
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