Fernández-Kranz, Daniel; Hon, Mark - In: The Journal of Real Estate Finance and Economics 32 (2006) 4, pp. 449-470
plummeting house prices can jeopardize the economy (The Economist, 2003 and IMF, 2004). The measure of income elasticity on … income elasticity of the demand for housing in Spain based on the cross-section of prices and income in fifty Spanish …