The decline in property sales in tourist areas and large cities reveals a hypocritical market that prioritizes speculation over the right to decent housing. While the interior remains stable, stressed areas suffer from a lack of regulation against foreign investment and abusive prices. The solution lies in limiting purchases as a financial asset and promoting affordable rentals, without relying on speculation.
Algorithms and data: the technology fueling the bubble 🤖
Digital platforms and dynamic pricing algorithms have turned housing into a financial product. Machine learning models predict returns in hot zones, attracting investment funds that buy in cash. Meanwhile, AI systems on real estate portals inflate prices in real time, excluding local residents. Without technological regulation to limit these practices, the market will remain a casino for speculators and an ordeal for those seeking a home.
The interior holds firm because there's no pool with a sea view 🏡
While the coast laments its sales slump, the interior rubs its hands together with its stability. It's not out of love for the plateau, but because no vulture fund wants to speculate on a town where the supermarket closes at two. The irony is brutal: affordable housing only exists where there's no tourist willing to pay a thousand euros for a studio without an elevator. So now you know, if you want a decent apartment, move to depopulated Spain. Or better yet, wait until speculators discover the charm of the wasteland.