We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …

We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can … account for roughly one third of the housing boom, both in terms of prices and new construction. …