In a previous paper (Taltavull and White, 2012) we analysed the role of money supply, migration and mortgage finance in house price evolution. Using a VECM framework we examined these variables together with income, inflation, and interest rates for both Spain and the UK. This followed on from...

ERES:conference

The literature approach the lack on housing as one of the consequences of household poverty. This paper turns around the argument and assesses how housing tenure triggers poverty situations. It estimates several affordability indicators associated to housing tenure, finding empirical evidence of...

In a previous paper (Taltavull and White, 2012) we analysed the role of money supply, migration and mortgage finance in house price evolution. Using a VECM framework we examined these variables together with income, inflation, and interest rates for both Spain and the UK. The results indicated...

Retiree migration in Europe has been an increasing phenomenon during last fifteen years from the North countries to the South. Spain has been one of the primary destinations for this group and they have tended to concentrate in only some coastal and very warm areas, like Alicante, Islands and...

Price expectation is one of the factors promoting speculation in housing markets. However, in the literature proxies are often used due to a lack of observations, with interest rates or lagged prices commonly used variables. Expectation is recognized as the determinant factor in explaining the...

Increases in mortgage lending, lower interest rates and increasing liquidity are considered to have caused house price increases. In this paper we test price behaviour focusing on the credit channel as a transmission mechanism for Monetary Policy. We examine the interaction between the housing...

This paper develops an analysis of housing supply elasticity by physical characteristics. Housing supply is demonstrated to be a driver of economic growth through different channels (Case, Quigley and Shiller, 2001) and reacts to market incentives with different intensities in the responses to...

The province of Alicante (Spain) is one of the most attractive areas to German retirees owning a house to live. Revicval survey is a project where we ask to a sample of Germans retirees different aspects of their housing decision, both sociological and economic. The aim is to analyse the impact...

ERES:conference