Artículos
The growing challenges of renting for young Spaniards
Autores:
Romero-Jordán, Desiderio
Half of all Spaniards under 35 who have left the parental home now rent, with most living in large cities where demand is most concentrated. High prices and limited supply are pushing many to peripheral neighbourhoods and municipalities, while rent and associated costs consume a…
Housing market expectations and the risk of anew bubble in Spain
Autores:
García Montalvo, José
The sharp rise in house prices in 2024–2025 has renewed concerns about a new housing bubble. While macroeconomic indicators point to strong fundamentals and limited credit risk, household expectations about future price increases remain unusually high and may amplify market dynamics.
Reforming Spain’s regional financing regime
Autores:
Lago Peñas, Santiago
The Ministry of Finance’s 2026 proposal seeks to overhaul the common financing regime, reduce disparities, and expand regional resources. But its fiscal cost and asymmetric effects on regional revenues complicate both budget sustainability and political viability.
Geopolitical risks and the outlook for Spain’sgrowth cycle
The Spanish economy is expected to continue growing faster than the eurozone in the coming years, although the expansionary cycle is likely to lose momentum as some of its recent drivers fade. A sustained increase in energy prices linked to the Iran conflict represents the…
Bank valuations and the effects of excess capital
European banks are holding capital well above supervisory requirements, even as regulatory simplification rises up the policy agenda. Yet this may be counterproductive, as excess capital —absent clear improvement in risk or profitability— is linked to lower returns and weaker market valuations.