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Paper eres2003_225:
Effects of the Housing Policy in the Tenureship: The Spain Case

id eres2003_225
authors Morón, Pedro
year 2003
title Effects of the Housing Policy in the Tenureship: The Spain Case
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary In this paper we will analyse the relationship between the expenditures of owning and renting housing. We will also analyse this relationship when the housing user is eligible for government assistance with special reference to Spain. What we will try to demonstrate is that in certain conditions of high rates of inflation and high mortgage rates, rental housing may be more expensive than home ownership in constant monetary terms. The user of housing must pay housing expenditures on occasion with government assistance through the governmentís social housing policy, where higher expenditure for the same degree of accessibility means higher government expenditure. Therefore, for the same economic effort on the part of the user, if the trend is towards higher expenditures, the greater government assistance will be required. Apart from a lack of financial resources, there are several situations where renting is preferable, and may even be more desirable, compared to purchasing for the users and society.
series ERES:conference
discussion No discussions. Post discussion ...
session Session 3, Housing Economics 1
last changed 2008/12/29 19:09
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