IFEU - Busted Housing Bubble 1 Morphs Into Housing Bubble 2 In Spain?
Madrid, Barcelona, other markets are well on their way. But some markets are still crushed.
Spain's last epic housing bubble, one of the biggest in living memory, propelled median home prices to €2,100 per square meter, at which point the bubble began to burst. The national median price eventually plunged 31%, according to government data, as Spain's financial system began to collapse only to get bailed out by an international aid package. The long-drawn-out event wreaked all kinds of mayhem on the economy, workers, and the people. So where is the housing market now?
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