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Our study suggests that an unforeseen consequence of allowing property owners to transfer the use of real estate from housing to other services (namely tourism) was extreme housing price increases due to inelastic housing supply.
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This page is a summary of: The effects of tourism on housing prices: applying a difference-in-differences methodology to the Portuguese market, International Perspectives on Health Equity, August 2021, Emerald,
DOI: 10.1108/ijhma-04-2021-0047.
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