Alejandro López-González University of Leon ( Spain ) a [email protected]
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Emerging Urban Transformations Canterbury Christ Church University August 14-20, 2011. IGU Canterbury Meeting Urban Geography Commission. URBAN DYNAMICS AND REAL-ESTATE SPECULATION: THE IMPACT ON THE URBAN AREAS OF THE ATLANTIC AXIS (GALICIA,SPAIN). Alejandro López-González - PowerPoint PPT Presentation
Transcript of Alejandro López-González University of Leon ( Spain ) a [email protected]
URBAN DYNAMICS AND REAL-ESTATE SPECULATION:THE IMPACT ON THE URBAN AREAS OF THE ATLANTICAXIS (GALICIA,SPAIN).
Alejandro Lpez-GonzlezUniversity of Leon (Spain)[email protected] Maria-Jos Pieira-MantinUniversity of Santiago de Compostela (Spain)[email protected] DYNAMICS AND REAL-ESTATE SPECULATION:THE IMPACT ON THE URBAN AREAS OF THE ATLANTICAXIS (GALICIA,SPAIN).
IGU Canterbury MeetingUrban Geography CommissionEmerging Urban TransformationsCanterbury Christ Church UniversityAugust 14-20, 2011
Project: System of indicators for the analysis of metropolitan and urban dynamics in Spain at the beginning of XXI Century. Ministry of Science and Technology (CSO2010-16298)The context in SpainReal estate market =one of the principal vehicles of capital accumulation of neoliberal town planning.1997-2006 : 5.5 millions of houses.Annual ratio during ten years of 13.3 houses for every 1,000 inhabitants.Autonomous Regions: Laws by the System of Land and Urban Arrangement, & Territorial Plans.Plans are uselessThe most important: benefits generated by construction activity.
Housing Market in GaliciaPercentage of stock over total stock by Autonomous CommunityAutonomous Community Housing Stock (%) Valencia Community 19,35Andalucia 16,33Catalonia 15,03Castilla-La Mancha 7,83Madrid 7,43Canarias Islands 5,95Galicia 5,71Murcia 4,39Aragon 2,68Castilla and Leon 2,46Baleares Islands 2,44Vasc Country 1,82Asturias 1,71Rioja 1,38Navarra 0,77Extremadura 0,53Cantabria 0,42
Method & Sources
Prices: values of use and change
Quantities: three series of flow informationHousing censusesWork project starts-Home visas.Work licensesHousing transactions
Main urban citiesSmall citiesMain High Capacity RoadsThere are delays that determine the supply and demand analysis
T: number of transactionsL: housings as a consequence of work licenses grantedV: Home VisasK: the delays (that can acquire the value 0 if both series are simultaneous, 1 if the explanatory variable precedes by one year the explained one and 2 if the delay is two years)in a municipality i and in one year tRelation Licenses-Transactions. R2 (2004-2010):0.379-0.741 when K=00.309-0.823 when K=10.525-0.915 when K=2Relation Licenses-Work project Starts. R2 (2002-2010):0.631-0.870 when K=00.435-0.852 when K=10.201-0.742 when K=2
The dynamism of the urban areas in the Atlantic AxisEvolution of housing starts, work licenses and housing transactions
Efficiency of the housing market
T: housing transactions during the current yearL: the work licenses conceded two years ago.
The results are always higher than 0, reaching a situation of equilibrium when the efficiency rate is equal to 1
Thank You
IGU Canterbury MeetingUrban Geography CommissionEmerging Urban TransformationsCanterbury Christ Church UniversityAugust 14-20, 2011
()The streets, named names of painters, are littered with gleaming banks where no one sits down and traffic signals that require yield. Who? The only sign of life are ubiquitous posters for sale. They hang on every front and has not put the builder, but their buyers ()
