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MADRID (AP) — Spain is planning a raft of measures to address ... Housing prices are also steadily rising, especially in cities and coastal areas. ... Spain plans to limit the number of homes ...
Spain's housing market faced some of Europe's largest price hikes last year. Home prices increased by 8.3% year-on-year in the last quarter of 2024, per Eurostat . The EU average was 3.8%.
Spanish PM Pedro Sánchez said non-EU residents bought thousands of homes in 2023 "to ... Protests over housing rights in Madrid, Spain, in October 2024. ... house prices have soared 48% in the ...
Housing prices are also steadily rising, especially in cities and coastal areas. Rental prices have also been driven up by short-term contracts mainly offered for tourists. Spain sees more tourists than almost any country in the world, having received more than 88.5 million visitors in 2024. Tourism is one of the country's key economic drivers.
In 2008, the real estate market started to drop fast, and house prices decreased dramatically by 8% in that year. [20] In the period for 2007-2013, Spanish house prices fell by 37%. [ 21 ] Each year almost a million homes were built in Spain, more than in Germany, France, and England combined.
The global hike in prices in 2022 was less severe in Spain than it was for its peers, ending the year with the lowest inflation rate in the eurozone, at 5.5%. [118] Prices continued to evolve moderately in 2023, with a lower-than-expected rate of 3.2% year-on-year announced on May 30. [9]
The expression Spanish real estate crisis or property crisis that began in 2008 refers to the set of economic indicators (sharp fall in the price of housing in Spain, credit shortages, etc.) that, with all their severity in 2010, would evidence the deterioration of real estate expectations and of the construction industry in Spain [1] in the context of a global economic crisis and the property ...
Although residential property prices have fallen by 39% since 2007, ... Interior of the National Library of Spain. Madrid is home to the Royal Spanish Academy, ...