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Housing Market Reactions in Presence of Retirees Migration

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  • Paloma Taltavull de La Paz
  • Karen M. Gibler

Abstract

Housing markets has growth very strongly during last 10 years in many Spanish areas. Some of them have been receiving increasing number of retiree migrants from the north and central Europe who own houses to live during a part of the year, coinciding with the period of stronger growth on house building. This paper deepen on the relationship between the increase of this type of migration and the market equilibrium, checking the impacts of the arrivals on the building rate and housing prices growth rate. Using information coming from REVICVAL database, we construct a pseudo panel adding general information coming from secondary data and estimating the impact of the retiree migrants arrivals on the housing construction and prices. It also identify the differential impact by nationalities.

Suggested Citation

  • Paloma Taltavull de La Paz & Karen M. Gibler, 2009. "Housing Market Reactions in Presence of Retirees Migration," ERES eres2009_194, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2009_194
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    References listed on IDEAS

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    1. Eaton, Jonathan & Eckstein, Zvi, 1997. "Cities and growth: Theory and evidence from France and Japan," Regional Science and Urban Economics, Elsevier, vol. 27(4-5), pages 443-474, August.
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    6. Reeder, Richard J., 1998. "Retiree-Attraction Policies for Rural Development," Agricultural Information Bulletins 33667, United States Department of Agriculture, Economic Research Service.
    7. Arcelus, Francisco & Meltzer, Allan H, 1973. "The Markets for Housing and Housing Services: Reply," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(4), pages 973-978, November.
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    More about this item

    JEL classification:

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

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