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Research Areas
Economic impact from homes sales to foreigners
Project start date: 2012
Project end date: 2012
Funding institution: Instituto Valenciano de Exportación (IVEX) y Conselleria de Infraestructuras, Territorio y Medio Ambiente
In this research work, carried out for the Regional Ministry of Infrastructure, Territory and Environment and for the Valencian Trade Agency (IVEX), the economic impact of house purchase by foreigners in the Valencian Community is estimated and its interest as an aim of public or commercial policy is evaluated.
The report is structured around the following sections:
- Based on an input-output analysis, the economic impact of home sales to foreigners in the 2008-2012 period as well as the potential impact of future promotional efforts to boost international demand are assessed.
- Additionally, the individual direct and indirect impacts on each household resulting from home sales to foreigners are estimated, taking into account aspects such as household spending on goods and services directly related to home purchase and those indirectly linked to households’ everyday life, the different types of households and the different lengths of time the owners spend in Spain.
- Estimation of the economic impact (production, income and employment) both for each type of household and for the aggregate of homes sold to foreigners for the 2008-2012 period.
RESEARCH TEAM
Universitat de València and Ivie
Universitat de València e Ivie