Spain Sees Historic Drop in Housing Supply With Prices Soaring
The decline was even steeper in the two largest cities, with supply dropping 25% in Madrid and 21% in Barcelona from a year earlier, Idealista.com said in a report on Wednesday. At the same time, house prices in the capital rose 25% in June from a year earlier, hitting an all-time high of €5,642 ($6,542) per square meter.
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