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Spatial Analysis of Clustering of Foreclosures in the Poorest-Quality Housing Urban Areas: Evidence from Catalan Cities

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  • Gutiérrez Palomero, Aaron
  • Arauzo Carod, Josep Maria

Abstract

This paper uses data on housing stock owned by financial entities as a result of foreclosures to analyze (1) the spatial logic of Spain’s mortgage crisis in urban areas, and (2) the characteristics of the types of housing most affected by this phenomenon. Nearest-Neighbor Index and Ripley’s K function analyses were applied in two Catalan cities (Tarragona and Terrassa). The results obtained show that foreclosures tend to be concentrated in the most deprived neighborhoods. The general pattern of clustering also tends to be most intense for smaller and cheaper housing. Our findings show that home foreclosures have been concentrated in only a few neighborhoods and precisely in those containing the poorest-quality housing stock. They also provide new evidence of the characteristics and spatial patterns of the housing stock accumulated by banks in Catalonia as a result of the recent wave of evictions associated with foreclosures. Keywords: foreclosures; evictions; clustering; Nearest-Neighbor Index; Moran’s I; Ripley’s K; Catalonia

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  • Gutiérrez Palomero, Aaron & Arauzo Carod, Josep Maria, 2018. "Spatial Analysis of Clustering of Foreclosures in the Poorest-Quality Housing Urban Areas: Evidence from Catalan Cities," Working Papers 2072/306549, Universitat Rovira i Virgili, Department of Economics.
    • Handle: RePEc:urv:wpaper:2072/306549
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    2. Mariola Bernal-Solano & Julia Bolívar-Muñoz & Inmaculada Mateo-Rodríguez & Humbelina Robles-Ortega & Maria del Carmen Fernández-Santaella & José Luís Mata-Martín & Jaime Vila-Castellar & Antonio Dapon, 2019. "Associations between Home Foreclosure and Health Outcomes in a Spanish City," IJERPH, MDPI, vol. 16(6), pages 1-15, March.
    3. Kukulska-Kozieł, Anita & Szylar, Marta & Cegielska, Katarzyna & Noszczyk, Tomasz & Hernik, Józef & Gawroński, Krzysztof & Dixon-Gough, Robert & Jombach, Sándor & Valánszki, István & Filepné Kovács, Kr, 2019. "Towards three decades of spatial development transformation in two contrasting post-Soviet cities—Kraków and Budapest," Land Use Policy, Elsevier, vol. 85(C), pages 328-339.

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    Keywords

    Execució hipotecària; Desnonament; Béns immobles; Bancs; Catalunya; 332 - Economia regional i territorial. Economia del sòl i de la vivenda;
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