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Hernández Reche: "We are heading towards another housing bubble, although it is different from the one in 2008."
23rd October 2025 -
Rodríguez advocates for intervention in the housing market amid criticism from PP and Sumar.
22nd October 2025 -
The government backtracks and will propose freezing the social security contributions of low-income self-employed workers for 2026
21st October 2025 -
Real estate associations call for lower taxes and more political agreements to tackle the housing crisis
20th October 2025 -
Buying a house with a mortgage: everything you need to know
14th October 2025 -
Sumar presents a royal decree to freeze rents and restrict tourist apartments.
13th October 2025 -
The landlords’ rental requirements: Most houses don’t stay on the market for even 24 hours.
6th October 2025 -
Dampness on terraces: the court clarifies who pays, the owner or the community
1st October 2025 -
Pretending you have an alarm can be costly: up to 600 euros a day if you use a company’s name without hiring them.
14th August 2025 -
Creditworthiness check for renting: what is it and how to do it?
29th July 2025
Hernández Reche: "We are heading towards another housing bubble, although it is different from the one in 2008."
23rd October 2025
Housing continues to be one of Spaniards’ main concerns, with rising prices, limited supply, and fears of a new bubble. Economist and doctor in economic psychology Vicenç Hernández Reche warns that Spain is heading towards another housing bubble, although different from that of 2008: demand is structural and financing more cautious, but limited supply keeps sustained pressure on prices.
For 2025, he forecasts a 4–6% increase in prices and around 750,000 property sales, although with signs of slowdown by the end of the year. In 2026, prices will continue to rise more moderately, with a market strained by a lack of new housing and rising rents. Among the risks are possible ECB rate hikes, high construction costs, and administrative delays.
The expert identifies structural problems: a supply deficit (only 80,000–100,000 new homes versus a demand of 200,000), lack of affordable housing, excessive urban bureaucracy, and poor energy rehabilitation (over 50% of housing stock is over 40 years old). He proposes speeding up permits, encouraging affordable rentals, and promoting renovation.
He criticizes the Housing Law and rent control, calling them a “failure” for reducing supply and increasing legal uncertainty. Finally, he emphasizes that artificial intelligence will transform the sector through automated valuations, predictive analysis, and fully digital processes, ushering in a new era of professionalism and sustainability in Spain’s housing market.