Macro-financial risk
2026-04-26
10 minute read
12 sources
Spain 2026: The Housing and Tourism Vise on a Minority Government
Spain is the euro area growth leader, yet rents in Madrid and Barcelona are running 13 percent above last year, the Vivienda Law's rent caps have been blocked across two thirds of the territory, and Junts per Catalunya has pulled the plug on Sanchez's working majority.
Spain closed 2024 with real GDP growth of 3.2 percent, against 0.5 percent for the euro area, 94 million international tourist arrivals, and a foreign-born driven population gain of 1.1 million. The headline is enviable. Underneath, the Banco de Espana IPVR shows house prices up 11 percent year on year, Idealista records rent growth of 13...