Evolution of house prices in Spain
Despite the strong social and economic impact of the pandemic house prices have shown positive growth rates. During the hardest months of pandemic, the moderation initiated in mid-2018 in the pace of house price advances has accentuated.
Why do prices behave in this way?
- Changing consumer preferences
- Temporary shortage of supply
- Expansionary fiscal policy
- Expansionary monetary policy
- Build-up of pent-up demand