# name
Have the edges of homeownership in Spain proved to be resilient after the global financial crisis?

# metadata.dc.description.abstract[].value
The direct effect that an exogenous shock like the global financial crisis (GFC)
had on the border between one form of tenure and another is particularly
interesting in countries were owner-occupancy predominates. Right before the
GFC, Spain was experiencing a major housing price bubble, allowing great
expectations on housing equity gains together with extremely high numbers of
mortgage-indebted households. The GFC represented a major threat for those
households at the edges as their financial fragility increased. The aim of this
paper is to identify why the edges of ownership in Spain came to be so precarious
after the GFC and to assess how resilience is improved (considering both
vulnerable households affected by the crisis and those that may be affected later)
by securing the future of the edges of homeownership and reducing the
volatility observed in an ownership-centred housing market. We will use the
MDSR (Mortgage Debt Service Ratio) as an indicator of the higher vulnerability
of those on the edges of homeownership. Looking at the consequences at the
edges of the GFC in a home-ownership dominated market will provide the
arguments for drawing up policies and actions for a new long- term tenure
scenario in Spain

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International Journal of Housing Policy, 2016, vol. 17, num.2, p. 276-295

# metadata.dc.rights[].value
(c) Routledge, Taylor & Francis Group, 2016

# metadata.dc.source[].value
Articles publicats en revistes (Economia)

# metadata.dc.title[].value
Have the edges of homeownership in Spain proved to be resilient after the global financial crisis?