The paper analyse the expansion on Madrid housing market submit to a strong inmigration pressure. Economic growth and enlarged labour market attract population to one of the more expensive Spanish housing markets. The split of demand promote building in new areas under land restrictions and strong competition, jumping the frontiers of the county. The analysis estimate the role of residential changes using multivariante analysis with time and spatial varying parameters.
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de La Paz, Paloma Taltavull, and Federico Pablo. "Demand Pressure and Housing Market Expansion Under Supply Restrictions." In 16th Annual European Real Estate Society Conference. ERES: Conference. Stockholm, Sweden, 2009.
Section: Development