Artículos
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Housing supply and the limits of the market: Spain’s path to an investable social stock
22 julio 2026
Spain faces a structural housing shortfall estimated at around 700,000 units, with social
housing accounting for just 3.3% of the residential stock, well below the EU average.
The EU’ s reclassification of affordable housing as a service of general economic
interest opens a legally secure path for combining public and private financing, but only if authorities rigorously model funding gaps and design compensation that is sufficient without generating windfall returns.
Autores: Martín, Enrique, Piedra, Irene
Etiquetas: Affordable housing
The roots of Europe’s housing crisis: Why good intentions so often produce bad outcomes
Across Europe, real house prices have risen sharply since 1970 while housing completions per capita have fallen substantially in every major economy, reflecting a growing mismatch between demand and increasingly inelastic supply. The evidence points to restrictive planning systems and political incentives that constrain new housing supply, while showing that demand-side subsidies often raise prices rather than improve affordability.
Autores: Hilber, Christian A. L.
Etiquetas: Housing affordability
Acting under uncertainty: The ECB’s shift toward discretionary monetary policy
On 11 June 2026, the ECB became the first major central bank to raise policy rates in
response to inflation pressures stemming from the war in the Middle East, reversing a
cut made one year earlier. The decision reflects a deliberate shift toward discretionary
policymaking, driven less by current data than by the risk that firms and households
begin embedding higher inflation into wages, prices, and contracts before evidence
emerges that inflation expectations have become de-anchored.
Autores: Jones, Erik
Etiquetas: Monetary policy
Spain’s inflation outlook in the wake of the Persian Gulf ceasefire
The ceasefire between the United States and Iran pushed oil and gas prices closer to
pre-conflict levels, easing inflationary pressures on the Spanish economy. However,
the withdrawal of fuel tax relief and persistently high services inflation mean that overall inflation will normalize more slowly than energy markets.
Autores: Fernández Sánchez, Mª Jesús, Torres, Raymond
Etiquetas: Inflation outlook
UK-EU relations: Brexit’s old trade-offs in a harsher world
20 julio 2026
Europe has rediscovered industrial policy. After years in which the phrase itself seemed to belong to another economic era, governments are once again talking about strategic sectors, supply chains, critical technologies, economic security and the need to compete in a much tougher global environment.
Autores: Carnicero Urabayen, Carlos
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