A real estate expert warns about future housing prices in Spain.
During the interview, it was explained how the market will behave and the role the rules play. This is how the principal residence exemption works on tax returns for people over 65. A real estate expert reveals what will happen to the price of housing. The price of housing is one of the key topics for accessing the market, whether through buying or renting. In recent years, steps have been taken to alleviate these issues. One such measure is the housing bonuses offered by both central and devolved governments to cushion the impact of prices on the pocket.
In this context, economist and real estate investment expert Paul Antó shared his forecast on what will happen to housing prices in the coming months during an interview with YouTuber Wall Street Wallverine.
In his analysis, Antó was not particularly optimistic. "The Spanish market is overheated, just like the shopping basket in Spain, and many other things in the country. I think we have a very serious problem with the overall standard of living," the expert explained.
For him, "the cost of housing is a problem." In this context, he expressed the opinion that as an economist, he does not know what the solution might be. Regarding the prospects that lie ahead, he was also clear: "Macro data does not indicate that we are heading in the other direction; nothing suggests that housing prices will fall."
In his analysis, he pointed out that one of the problems in the market is that "there is a lack of rental housing," which, among other reasons, "leads to a trend of rising prices." He also noted the market regulation aimed at reducing prices: "The fact that the market is regulated leads to a decrease in supply because you don't like this regulation, and it results in price increases." On the other hand, he explained that when policymakers decided to cap rental prices, it led, on one hand, to "more illegal operations," and on the other, to landlords finding it "unprofitable to rent under such conditions," prompting them to choose other options.
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