Regional Housing Market Conditions in Spain

Galesi, Alessandro; Mata, Nuria; Rey, David; Schmitz, Sebastian; Schuffels, Johannes

doi:10.2139/ssrn.3724178

Cited by 4 publications

(4 citation statements)

References 26 publications

(37 reference statements)

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“…Research has shown that the listing price is typically strongly correlated with the final sale price 63 . Using Idealista data and registered closing prices, it has been estimated that the average discount from asking to closing price ranges between 5% and 13.8% in Madrid between 2010 and 2018 64 . For https://doi.org/10.1038/s42949-024-00161-0 Article our analysis, this means that some house prices may be overestimated by up to 13.8%.…”

Section: Availability Of Datamentioning

confidence: 99%

Intra-urban house prices in Madrid following the financial crisis: an exploration of spatial inequality

Kenyon,

Arribas-Bel,

Robinson

et al. 2024

npj Urban Sustain

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In this paper we explore the temporal dynamics of spatial inequality in housing prices for Madrid, the capital city of Spain. Spatial inequalities are a concerning feature of urban areas across the globe. It has been suggested that within cities housing prices are becoming more geographically unequal over time, particularly since the 2008 housing market crash. However, more evidence is needed at the intra-urban level to understand neighbourhood house price differences in large urban areas. Changes are analysed during a key period of the housing market bust (2010–2015) and boom (2016–2019), using data from a major housing listing portal. Fine grain space-time analysis of the distribution of housing prices supports an increase in spatial inequality and polarisation at the neighbourhood level. Two spatially differentiated housing sub-markets of high- and low-priced housing are identified. The persistence and growth of spatial house price inequality has important societal implications for the wealth gap and segregation of rich and poor in cities.

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Section: Availability Of Datamentioning

confidence: 99%

Intra-urban house prices in Madrid following the financial crisis: an exploration of spatial inequality

Kenyon,

Arribas-Bel,

Robinson

et al. 2024

npj Urban Sustain

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“…Desde un punto de vista teórico, en la relación entre las dos magnitudes de precios se asume, con frecuencia, un valor de oferta superior al final (Ardila et al, 2021;Eerola & Lyytikäinen, 2015;Galesi et al, 2020), aunque este argumento es discutido por autores como Han y Strange (2016), Kolbe et al (2021) En todo caso, existe un consenso generalizado en cuanto a la utilidad de los datos de oferta debido a su influencia estratégica en el proceso de búsqueda (Han & Strange, 2016), por ejemplo en su capacidad de señalar los precios de reserva del vendedor (Horowitz, 1992;Merlo & Ortalo-Magne, 2004;Merlo et al, 2015). Ello aparte de otros aspectos positivos, como, por ejemplo, la existencia de una relación entre el incremento de precios de oferta y un mayor número de operaciones (De Wit et al, 2013).…”

Section: Marco Teórico Y Revisión De Literaturaunclassified

Relación entre precios de alquiler en portales inmobiliarios y precios de mercado. Evidencias para la Comunidad de Madrid

Rey-Blanco,

González,

Sánchez

2024

eure

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La creciente necesidad de información de los agentes económicos no siempre se ve satisfecha por las fuentes de datos abiertas de la Administración Pública. La digitalización de la sociedad, en particular en el sector inmobiliario, ofrece un gran número de alternativas informativas, como los precios de los portales para la búsqueda de vivienda en internet. Este estudio analiza la relación entre los precios de oferta de los portales y los precios de mercado de alquiler, a partir de los datos del Ministerio de Transportes, Movilidad y Agenda Urbana de España, para 177 áreas geográficas en la Comunidad de Madrid. Los resultados demuestran empíricamente que las series de oferta y de alquiler guardan un alto grado de correlación; por tanto, se confirma que los datos de portales son un candidato válido para el análisis detallado y actualizado del mercado del alquiler.

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“…We contribute to this literature through a comprehensive effort to monitor in real-time and for all types of goods the housing market in the UK. In the effort to compute buyers' negotiation margin, this paper is close to Galesi et al, 2020 who however do not rely on web-scraping and do not compute real-time indicators.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Hanson and Santas, 2014). In this strand of the literature, this paper is close to Galesi et al, 2020 by relying on web-scraping to derive indicators of the supply side of the housing market. Finally, this paper stands out by focusing on the UK market in this Covid-19 / Brexit periodthough the approach can be seamlessly expanded in other geographies.…”

Section: Introductionmentioning

confidence: 99%