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Spain’s $6 Trillion Home Market Faces Second Crash in Decade

  • Industry observers see home prices falling by 6.5% to 15%
  • Property market had emerged strongly from previous collapse
Spain's Most Aggressive Rent Controls To Hit Barcelona
Photographer: Angel Garcia/Bloomberg
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Spain’s $6 trillion home market looks headed toward another crash, according to economists who are studying the impact on property demand stemming from Europe’s strictest pandemic lockdown.

While it’s too early to estimate the full dimensions of the blow to demand caused by the health emergency that flared up in March, experts who study the Spanish market say the hit to housing prices in 2020 could range from 6.5% to 15%.