Gonzalez, Libertad; Ortega, Francesc - Institute for the Study of Labor (IZA) - 2009
We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over … prices and quantities in the housing market. Between 1998 and 2008, the average Spanish province received an immigrant inflow … equal to 17% of the initial working-age population. We estimate that this inflow increased house prices by about 52% and is …