Balearics the only Spanish region with house prices higher than before the 2008 crisis
Income needed for mortgage payments far higher than elsewhere
House prices seem to be heading in only one direction - up. | Josep Bagur Gomila
Palma31/12/2024 07:51
There is a before and after in the housing market that is frequently referred to in the Balearics - the property bubble that preceded the financial crisis and what came afterwards. House prices had soared, but the crisis led to them tumbling. It was a similar situation across the whole of Spain. And so 2007 is taken as a kind of benchmark for house prices.
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