In a context housing prices It has become a hot topic European Commission issued warning strong: house price in spain and other parts of the European Union significantly exaggerated. This analysis is based on recent data showing a situation. The disconnect between housing prices and population income.
The situation varies considerably between member states. A downward trend is observed in countries where housing prices have reached their peak, such as Luxembourg, the Czech Republic, the Netherlands and Sweden. However, in countries such as Spain and Greece where overvaluation is around 20 percent, prices continue to riseIt raises concerns in Brussels.
HE European Central Bank (ECB) played an important role in its dynamics. real estate marketespecially through rise interest rates. This policy increased housing prices, affecting the disposable income of families, resulting in a decrease in purchasing power and debt capacity.
According to estimates, A downward correction is expected in housing pricesEspecially in countries where increases are more pronounced during periods of low interest rates. Brussels warns of the risks associated with this situation, especially in the field of tourism and in urban centers and coastal areas where the market is concentrated. rentals It is especially profitable in the short term.
Experts predict that the increase in house prices will slow down by 2024 and will be slower than inflation, with only a 1% increase expected compared to a CPI that could exceed 3%. This situation in the rental sector does not seem to ease much due to the supply shortage.
European Commission’s price analysis living space It offers an important perspective to understand the current dynamics of the real estate market in the European Union. While some countries are experiencing a correction in prices, others continue to see increases, posing a challenge for both buyers and policymakers. In this changing scenario, it is essential to be informed and alert to future trends to make wise decisions in the housing market.