Gil-Serrate, Ramiro; Mur, Jesus - European Real Estate Society - ERES - 2012
In this paper we analyze the evolution of the Spanish housing market from 1995 to 2010. Between 1995 and 2007, the real estate market was a major driving force for the Spanish economy, with house prices increasing on average by over 10 percent per year. At the start of 2008, the year of the...