House prices and rents in Spain: Does the discount factor matter?

Ayuso, Juan Francisco Rodríguez; Restoy, Fernando

doi:10.1016/j.jhe.2007.08.002

Cited by 25 publications

(29 citation statements)

References 21 publications

(23 reference statements)

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“…Ayuso and Restoy (2006a) show how this model could be extended to the case in which preferences are non-separable between good consumption and housing services and derive equilibrium house prices in that set-up. In particular, they provide the following equation for the equilibrium price-to-rent ratio in the housing market:…”

Section: The Set-upmentioning

confidence: 99%

“…In this paper we summarise and exploit the results in Restoy (2006a, 2006b) and Blanco and Restoy (2006) to analyse the contribution of interest rates to explain recent house price developments in Spain. In particular, the available empirical evidence supports the view that the interest rate is a key variable to explain recent house price developments in Spain.…”

Section: Introductionmentioning

confidence: 99%

“…As shown in Restoy (2006a, 2006b), these deficiencies can be partially solved by employing more general intertemporal asset pricing models to estimate the dynamic equilibrium relationship between house prices and rents. Possible transaction costs and regulations that hinder the immediate adjustment of house prices and rents to changing 2.…”

Section: Introductionmentioning

confidence: 99%

“…Possible transaction costs and regulations that hinder the immediate adjustment of house prices and rents to changing 2. This section heavily draws from Ayuso and Restoy (2006b). 3.…”

Section: Introductionmentioning

confidence: 99%

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House Prices and Real Interest Rates in Spain

2006

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Section: The Set-upmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Possible transaction costs and regulations that hinder the immediate adjustment of house prices and rents to changing 2. This section heavily draws from Ayuso and Restoy (2006b). 3.…”

Section: Introductionmentioning

confidence: 99%

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House Prices and Real Interest Rates in Spain

2006

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“…As an increasingly popular application of online booking service, online vacation rental websites such as Airbnb 1 …”

Section: Introductionmentioning

confidence: 99%

Price Recommendation on Vacation Rental Websites

Yang

Wang²,

Yang

et al. 2017

Proceedings of the 2017 SIAM International Conference on Data Mining

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Vacation rental websites such as Airbnb have become increasingly popular where rentals are typically short-term and travels or vacations related. Reasonable rental prices play a crucial role in improving user experiences and engagements in these websites. However, the unique properties of their rentals challenge traditional house rentals that are often long-term and study or work related. Therefore, in this paper we investigate the novel problem of price recommendation in vacation rental websites. We identify some important factors that affect the rental prices and propose a framework that consists of Multi-Scale Affinity Propagation (MSAP) to cluster houses, Nash Equilibrium filter to remove unreasonable price and Linear Regression model with Normal Noise (LRNN) to predict the reasonable prices. Experimental results demonstrate the effectiveness of the proposed framework. We conduct further experiments to understand the important factors in rental price recommendation.

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Economic precariousness: A new channel in the housing market cycle

Arestis

González

2019

Int. J Fin Econ

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Demographic and institutional elements, as important drivers of the housing market, should not be neglected because it is not only financial and monetary elements that matter in the case of the housing market. In this context, one relationship, which still remains unclear, is the relationship between the housing and the labour markets. Some research has been undertaken to support the hypothesis that high rates of homeownership lead to high unemployment via increases in the reservation wage. However, further research is needed to address the possible implications of the institutional settings of the labour market in the dynamics of the housing market. The aim of this paper is to bring some light on the link between both markets. In particular, this contribution explains how the housing cycle could be “amplified” via a new channel, that is, economic precariousness, which is closely related to job insecurity. Subsequently, we provide evidence in the case of five developed economies, Ireland, the Netherlands, Spain, the United Kingdom, and the United States, over the period 1985–2013.

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House prices and rents in Spain: Does the discount factor matter?

Cited by 25 publications

References 21 publications

House Prices and Real Interest Rates in Spain

House Prices and Real Interest Rates in Spain

Price Recommendation on Vacation Rental Websites

Economic precariousness: A new channel in the housing market cycle

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