RT Generic
T1 Hot property: a spatial analysis of temperature and  housing prices in Spain
A1 Fernandez Perez, Adrian
A1 Gómez Puig, Marta
A1 Sosvilla Rivero, Simón Javier
AB This study examines the impact of extreme temperatures on housing price dynamics in Spain, considering both direct and indirect effects across geographic space. Using panel data at the provincial level and a spatial econometric model, we find that an increase in the number of days with maximum temperatures exceeding 35 °C (95oF) over the past year is significantly associated with a decline in both sale and rental prices within the affected province. However, we also identify a positive indirect effect on housing markets in more distant provinces, particularly in the rental sector, consistent with a pattern of temperature-induced house price premium in cooler regions. These findings highlight the importance of incorporating climate-related factors into real estate market analysis and the design of adaptation policies.
YR 2025
FD 2025
LK https://hdl.handle.net/20.500.14352/124571
UL https://hdl.handle.net/20.500.14352/124571
LA eng
NO Ministerio de Ciencia, Innovación y Universidades (España)
NO Generalitat de Catalunya
DS Docta Complutense
RD 13 nov 2025