European Parliament Library

Spain :, Selected Issues

Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and low real interest rates. With the abrupt drying up of funding since mid-2007, these factors have eroded quickly. Through 2010, employment and value added in construction are projected to halve as peak housing starts are completed. The authorities have launched efforts to help limit foreclosures and to activate the underdeveloped rental market. In the medium term, housing market cyclicality could be reduced by fading out generous home ownership incentives
Table Of Contents
Cover; Contents; Abstracts; I. Developments in the Spanish Housing Sector; A. Summary; B. The Boom; Figures; 1. Run-up to EMU and Convergence; 2. Demographic Developments; 3. Supply Rigidities, House Prices and Debt Dynamics; C. The Correction; 4. Demographic Housing Need; Tables; 1. Demographic Housing Needs, 2007-2015; 5. Building Permits, Housing Starts and Completions; 6. Projected Scenario for Housing Starts, Completions and Value at Work; 7. Projected Scenario for Housing Investment and Employment; 2. Construction Sector Dynamics; 3. Construction Activity: Regression Results
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (94 p.)
Specific Material Designation
Form Of Item

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