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The Consumer Preference Structure of the Demand for Social Housing in Spain

Author

Listed:
  • Montserrat Diaz Fernandez
  • Laura Galguera Garcia
  • Christos I. Giannikos

Abstract

The purpose of this paper is to examine the use of Housing under Controlled Prices (HCP) within the framework of the Housing Plans of the Spanish Government during the period 1992- 1999. HCP gave low income families the possibility to choose between new or existing housing by trading off characteristics (like price, area and location) according to their preferences. These tradeoffs and their relationship to the preferences of the families are the subject of our study. We find that the price of the housing is the most important factor followed by the family size and the total area of the dwelling. Finally we document the differences in the profiles of families choosing existing as opposed to new housing.

Suggested Citation

  • Montserrat Diaz Fernandez & Laura Galguera Garcia & Christos I. Giannikos, 2005. "The Consumer Preference Structure of the Demand for Social Housing in Spain," ERES eres2005_173, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2005_173
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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