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Impact of unfinished residential developments on municipal economic forecasts: evidence from medium-sized Spanish cities

Author
Garrido, F.; Magrinya, F.; Del Moral, C.; Delgado, L.
Type of activity
Journal article
Journal
Journal of housing and the built environment
Date of publication
2019-06
Volume
34
Number
2
First page
489
Last page
509
DOI
10.1007/s10901-018-9634-1
URL
https://link.springer.com/article/10.1007%2Fs10901-018-9634-1 Open in new window
Abstract
The economic impact of each new residential development on the public budget can be very different than expected when, due to the real estate speculation, a poor demand forecast or to unexpected reasons, the dwellings are not built and occupied by their final users within the planned term. To quantify to what extent public costs and revenues are affected in unfinished developments, the economic balance of the public services operation when vacant lots, empty dwellings and dwellings with temporar...
Keywords
Economic metabolism Economic sustainability Empty houses Public services operating cost Second homes Vacant lots

Participants

  • Garrido Jiménez, Francisco Javier  (author)
  • Magrinya Torner, Francesc  (author)
  • Del Moral Ávila, Consuelo  (author)
  • Delgado Méndez, Luis  (author)