What's happening in Spain: house prices in Berlin and London are falling, in Madrid they are not.

half of the year, in particular, recorded an increase of 6.7% year-on-year from January to March and 6.4% from April to June, according to the consulting company Gesvalt. Thus, for nine consecutive quarters, house prices have now risen by more than 3%. This translates into a residential property value of €1,568 per square meter. This value, although far from the values before the 2008 crisis, is still approaching the real estate boom of 2012.

Factually, the real estate market in Spain is slowing down, which is evident in the number of sales transactions and mortgage deals, but this is not significant. The fact that prices remain stable in the current economic situation surprises experts who are already calling it''Spain'.

In other words, in other European capitals, house prices have risen significantly since the major financial crisis, and now it would be normal for them to fall. No bubble, no supply.