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Chasco C.Author

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October 31, 2024
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The Spatial Structure of Housing Prices in Madrid: Evidence from Spatio-temporal Scan Statistics

Publicated to:Handbook Of Scan Statistics. 683-701 - 2024-01-01 (), DOI: 10.1007/978-1-4614-8414-1

Authors: Chasco C; Gallo JL; López FA

Affiliations

Centre d'Economie et Sociologie Appliquées à l'Agriculture et aux Espaces Ruraux - Author
Universidad Autónoma de Madrid - Author
Universidad Politécnica de Cartagena - Author

Abstract

We apply spatio-temporal scan statistics on the distributions of asking price per meter squared for various segments of the housing market (attics, houses, flats of various sizes) in the city of Madrid for 5 years during the period 2008– 2019. Our application shows how spatio-temporal scan statistics can be useful for assessing the dynamics of urban spatial structure analyzed through the lens of housing prices. The focus on the post-2008 period and the computation of prospective clusters allows to detect the winners and the losers of the 2008 real estate crisis and to uncover new trends during the post-crisis period. We show that the economic crisis in Madrid has had a strong impact on housing market with increased polarization between the center and the periphery and between the northern and southern areas of Madrid, with some heterogeneity depending on the neighborhood, on the market segment, and on the urban policies undertaken.

Keywords

Housing, pricesMadridProspective clustersSpatio-temporal scan statisticsUrban spatial structure

Quality index

Bibliometric impact. Analysis of the contribution and dissemination channel

From a relative perspective, and based on the normalized impact indicator calculated from the Field Citation Ratio (FCR) of the Dimensions source, it yields a value of: 9.63, which indicates that, compared to works in the same discipline and in the same year of publication, it ranks as a work cited above average. (source consulted: Dimensions Jul 2025)

Specifically, and according to different indexing agencies, this work has accumulated citations as of 2025-07-04, the following number of citations:

  • Google Scholar: 4

Impact and social visibility

From the perspective of influence or social adoption, and based on metrics associated with mentions and interactions provided by agencies specializing in calculating the so-called "Alternative or Social Metrics," we can highlight as of 2025-07-04:

  • The use, from an academic perspective evidenced by the Altmetric agency indicator referring to aggregations made by the personal bibliographic manager Mendeley, gives us a total of: 5.
  • The use of this contribution in bookmarks, code forks, additions to favorite lists for recurrent reading, as well as general views, indicates that someone is using the publication as a basis for their current work. This may be a notable indicator of future more formal and academic citations. This claim is supported by the result of the "Capture" indicator, which yields a total of: 6 (PlumX).

With a more dissemination-oriented intent and targeting more general audiences, we can observe other more global scores such as:

  • The Total Score from Altmetric: 6.
  • The number of mentions on Wikipedia: 1 (Altmetric).

Leadership analysis of institutional authors

This work has been carried out with international collaboration, specifically with researchers from: France.

There is a significant leadership presence as some of the institution’s authors appear as the first or last signer, detailed as follows: First Author (CHASCO YRIGOYEN, MARIA DEL CORO) .