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No Need To Worry About Housing Crisis On The Costa Del Sol

No Need To Worry About Housing Crisis On The Costa Del Sol

Property Market Oct 2022

No need to be concerned about a housing bubble
The high demand for homes in Málaga and the rising mortgage interest rates, which are pushing up prices, won’t result in a new real estate bubble, claims Fotocasa. The real estate portal cites a number of proofs in support of this. First, banks strictly adhere to the requirements for offering mortgages and there is no credit accumulation. Since they tightened their lending strategy in the wake of the 2008 crisis, they are in good shape. According to Fotocasa, there is also less debt than then, a lower rate of default, and much less housing speculation.