Cover Image

Housing prices in Spain: convergence or decoupling?

CC BY

Saved in:
Bibliographic Details
Main Authors: Corinna, Ghirelli, Danilo, Leiva-León, Alberto, Urtasun
Format: Book
Language:English
Published: Springer 2023
Subjects:
synchronization of housing price
evolving relation between those cycles
Online Access:https://link.springer.com/article/10.1007/s13209-023-00275-1
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747
Tags: Add Tag
No Tags, Be the first to tag this record!
id oai:localhost:PNK-7747
record_format dspace
spelling oai:localhost:PNK-77472023-04-11T02:47:43Z Housing prices in Spain: convergence or decoupling? Corinna, Ghirelli Danilo, Leiva-León Alberto, Urtasun synchronization of housing price evolving relation between those cycles CC BY In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We rely on a regime-switching framework that identifies the housing price cycles of pairs of cities and simultaneously infers the evolving relation between those cycles. These bilateral relationships are then summarized into an aggregate index of city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence pattern that reached a peak in 2009 and decreased slightly afterward. We also identify the cities that have been the main contributors to this convergence process. Moreover, we show that differences in population growth and economic structure are key factors in explaining the evolution of housing price synchronization among Spanish cities. 2023-04-11T02:47:43Z 2023-04-11T02:47:43Z 2023 Book https://link.springer.com/article/10.1007/s13209-023-00275-1 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic synchronization of housing price
evolving relation between those cycles
spellingShingle synchronization of housing price
evolving relation between those cycles
Corinna, Ghirelli
Danilo, Leiva-León
Alberto, Urtasun
Housing prices in Spain: convergence or decoupling?
description CC BY
format Book
author Corinna, Ghirelli
Danilo, Leiva-León
Alberto, Urtasun
author_facet Corinna, Ghirelli
Danilo, Leiva-León
Alberto, Urtasun
author_sort Corinna, Ghirelli
title Housing prices in Spain: convergence or decoupling?
title_short Housing prices in Spain: convergence or decoupling?
title_full Housing prices in Spain: convergence or decoupling?
title_fullStr Housing prices in Spain: convergence or decoupling?
title_full_unstemmed Housing prices in Spain: convergence or decoupling?
title_sort housing prices in spain: convergence or decoupling?
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s13209-023-00275-1
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7747
_version_ 1762909082718568448
score 8.891145

Similar Items