Recent Housing Market Developments in Spain

12 Pages Posted: 7 Jun 2019

Date Written: April 11, 2019

Abstract

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

Suggested Citation

Alves, Pana and Urtasun, Alberto, Recent Housing Market Developments in Spain (April 11, 2019). Banco de Espana Article 4/19. Available at SSRN: https://ssrn.com/abstract=3400031

Pana Alves (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Alberto Urtasun

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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