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null Spanish House Prices Are… Falling?

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Spanish House Prices Are… Falling?
11 Dec 2020
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Clock 10 mins.
CATEGORIES: AER Global AER Personal AER España Spain Real Estate
ANALYSTS:
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Diego Mejía Mejía
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Ignacio de la Torre de la Torre
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Leopoldo Torralba Torralba
The Q3'20 data on home prices published today by the Spanish National Institute of Statistics (INE) have come as a surprise for many. Since the onset of the pandemic, we have been arguing that the combination of a number of factors made the situation in the real estate sector very different from the financial crisis of 2009.
dot What is our interpretation of the data released by INE?
dot How is the residential real estate performing in Spain?
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