Housing prices rising in Spain only the peak of a huge non-sold stock iceberg

Although prices have fallen by around 40%, according to official appraiser Tinsa, around 600,000 properties still lie empty. Banks, who are the main owners of the stock, need to get rid of it, but Access to credit continues to be very limited and

So yes, Spain’s economy is on track, but the key figures to watch are others: a 1.2% GDP’s growth, PMI growing at its fastest pace in 8 years, domestic demand increasing at last… not really the housing market.

About the Author

Ana Fuentes
Ana Fuentes is The Corner Editor-in-Chief. Currently based in Madrid, she has been a correspondent in New York, Beijing and Paris for several international media outlets such as Prisa Radio, Radio Netherlands or CNN en español. Ana holds a degree in Journalism from the Complutense University in Madrid and the Sorbonne University in Paris, and a Masters in Journalism from Spanish newspaper El País. You can contact her at: anaf[at]thecorner.eu

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