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Housing markets should be analyzed at the local level, not at the national level and that there are significant differences between short-term and long-term house price determinants.
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This page is a summary of: House price dynamics in Iberian Metropolitan Statistical Areas: slope heterogeneity, cross-sectional dependence and elasticities, Journal of European Real Estate Research, July 2022, Emerald,
DOI: 10.1108/jerer-02-2022-0005.
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