Real estate

Global synchronisation of house prices: causes and consequences

After reaching a low point in 2014, house prices in Spain have now been on the rise for several years. This growth is especially pronounced in Spain’s major cities. In Q1, house prices in Barcelona and Madrid grew by 8.2% and 10.3%, respectively, well above the 2.7% average for Spain as a whole. This notable increase in house prices in major cities, especially if compared with the price trends in other areas, is a common phenomenon in many countries. In fact, a recent report by the IMF confirms that synchronisation...