Impact of Evictions and Tourist Apartments on the Residential Rental Market in Spain
Metadata
Show full item recordEditorial
MDPI
Materia
Eviction rate Tourist apartments Gentrification Residential rentals
Date
2021Referencia bibliográfica
Gonzalez-Morales, J.-G.; Checa-Olivas, M.; Cano-Guervos, R. Impact of Evictions and Tourist Apartments on the Residential Rental Market in Spain. Sustainability 2021, 13, 7485. https://doi.org/10.3390/ su13137485
Sponsorship
Andalusia Government - project FQM-150Abstract
In recent decades, the analysis of residential rental prices in Spain has gained increasing
attention. From a socio-economic viewpoint, the increase in long-term rentals compared to new home
purchases by the new generations has led researchers to examine phenomena such as the growth
of the tourism sector or foreclosures. This paper uses a panel data model to analyze the influence
of the rate of foreclosure evictions and number of tourist apartments on residential rental prices in
50 provinces of Spain for the period 2015–2018. The results show that an increase in the number
of tourist apartment vacancies increases residential rental prices, while an increase in the rate of
foreclosure evictions causes residential rental prices to fall.