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Spain is One of the Countries in Europe Where House Prices Will Fall by the Most, According to Moody’s

House prices will fall by around 2% in 2021 in Spain, France and Italy, but will start to rise in 2022. The residential market will suffer the most in the areas most dependent on tourism.

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The crisis resulting from the outbreak of the Covid-19 pandemic has triggered a severe economic recession in Europe, which has seen the contraction of GDP on an unprecedented scale and an increase in unemployment.

So far, house prices in Europe have remained stable this year thanks to aid policies, according to the ratings agency Moody’s; however, it warns that, given the magnitude of the crisis, “we expect house prices to fall in most European countries following the pandemic”.

Read the full article in Spanish.

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