Pidal, Juan Carmona, Lampe, Markus and Rosés, Joan R. 
ORCID: 0000-0003-0661-3134
(2014)
Housing affordability during the urban transition in Spain.
Economic History working paper series (208/2014).
London School of Economics and Political Science, London, UK.
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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 crossregional 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.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.lse.ac.uk/economicHistory/home.aspx |
| Additional Information: | © 2014 The Authors |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | N - Economic History > N9 - Regional and Urban History > N93 - Europe: Pre-1913 N - Economic History > N9 - Regional and Urban History > N94 - Europe: 1913- R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R30 - General |
| Date Deposited: | 18 Dec 2014 15:55 |
| Last Modified: | 11 Dec 2024 19:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/60556 |
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