EURA 2023 – Best Paper Award
EURA 2023 – A glance at the event
31/05/2023
EURA 2023 – Emerging Scholar Award
24/06/2023
EURA 2023
Best Paper Award
The Effect of Tourism Activity on Housing Affordability
Authors: Josip Mikulić (Faculty of Economics & Business, University of Zagreb, Croatia), Maruška Vizek (The Institute of Economics, Zagreb, Croatia), Nebojša Stojčić (University of Dubrovnik, Department of Economics and Business, Croatia), James E. Payne (College of Business Administration, University of Texas at El Paso, United States), Anita Čeh Časni (Faculty of Economics & Business, University of Zagreb, Croatia), Tajana Barbić (The Institute of Economics, Zagreb, Croatia)Abstract
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.
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Tajana Barbić and Maruška Vizek receiving the prize
