Recent Housing Market Developments in Spain
12 Pages Posted: 7 Jun 2019
Date Written: April 11, 2019
After the sharp correction during the crisis, activity in the Spanish real estate sector commenced its recovery in early 2014. This improving trend has since been observable both in quantity and price-based indicators. However, this market is well known for its high heterogeneity due to the location of the properties, their type and the nationality of purchasers. The recent buoyancy seems to reflect, among other factors, positive labour market developments and the low cost of borrowing against a backdrop of gradual growth of loans for house purchase.
Keywords: housing, prices, mortgage terms and conditions
JEL Classification: D12, E22, E24, G21
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