Housing demand has surpassed the levels of the 2008 real estate bubble, straining prices and making homes inaccessible for young people, vulnerable families, and the middle class.
The pace of buying and selling has exponentially increased, driven by buyers, reduced mortgage costs, and the rising popularity of new construction homes.
The mismatch between high demand and insufficient supply has skyrocketed prices to unprecedented levels.
Public administrations must get involved in promoting new housing construction and liberalizing land to accommodate the existing purchasing demand.
Conclusion: Spain's real estate market situation is being driven by unprecedented demand, which is straining prices to unsustainable levels. It is crucial that authorities step in to correct this imbalance.