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The effect of tourism activity on housing affordability

Mikulić, Josip, Vizek, Maruška, STOJCIC, Nebojsa, Payne, James E., Čeh Časni, Anita and Barbić, Tajana (2021) The effect of tourism activity on housing affordability. Annals of Tourism Research, 90. p. 103264. ISSN 0160-7383

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Abstract or description

Although researchers have confirmed the impact of tourism on housing prices in many destinations affected with overtourism, they do not consider housing affordability in relation to the population's income levels. This study explores the relationship between tourism activity and housing affordability, using a sample of Croatian municipalities. Specifically, the study investigates how tourist accommodation, concentration, seasonality and overall vulnerability to tourism influence housing affordability in this emerging tourism-driven European country. The results obtained reveal tourism intensification's deteriorating effect on local residents' abilities to afford housing. The findings indicate a particularly strong tourism seasonality impact, suggesting the presence of common negative externalities, such as employment fluctuations, difficulties in maintaining economic status, and revenue instabilities, in localities prone to seasonal tourism fluctuations.

Item Type: Article
Uncontrolled Keywords: Tourism intensity; Housing affordability; Dynamic panel model; Croatia
Faculty: Staffordshire Business School > Tourism and Event Management
Depositing User: Nebojsa STOJCIC
Date Deposited: 12 Jul 2021 08:54
Last Modified: 13 Jul 2021 04:30
URI: http://eprints.staffs.ac.uk/id/eprint/6978

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