The notice from the Bank of Spain (BdE) on the situation of the national real estate market brings to mind the economic crisis of 2008, with profound consequences for housing. For now, the BdE only encourages “careful monitoring” of the Spanish market, due to the contagion capacity that it could suffer from other countries in the euro zone, in which some economic indicators already point to important real estate problems.
If a new housing bubble were to burst in Spain, it would be at a lower intensity than in 2008 and by no means will it affect the entire country equally. For now, it is most likely that there will be a relaxation in the market, since the first me
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