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The Spanish property bubble is the collapsed overshooting part of a long-term price increase of Spanish real estate prices. This long-term price increase has happened in various stages from 1985 up to 2008. [1][2][3][4][5][6][7][8][9] The housing bubble can be clearly divided in three periods: 1985–1991, in which the price nearly tripled ...
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The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain[1][2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply for ...
The economy of Spain is a highly developed social market economy. [29] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe.Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. [1] A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and ...
In 2015, more than 4 out of every 10 persons (42.0%) in the EU-28 lived in flats, close to one quarter (24.1%) in semi-detached houses and one third (33.3%) in detached houses. The proportion of people living in flats was highest, among the EU Member States, in Spain (65.9%), Latvia (65.0%) and Estonia (62.6%), while the highest proportions of ...
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