The drivers of housing cycles in Spain

Aspachs-Bracons, Oriol; Rabanal, Pau

doi:10.1007/s13209-009-0010-y

Public

The drivers of housing cycles in Spain

Published in SERIEs • Feb 18, 2010

Authors:

Oriol Aspachs-Bracons

Pau Rabanal

Abstract

In the last 15 years, Spain has witnessed a large increase in housing prices and in the importance of the housing sector, which has refreshed the debate on the drivers of housing cycles. Since Spain joined the European Monetary Union (EMU), two main important factors behind the housing boom appear t...

Subject

Economics

Durable good

Boom

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