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Young Spaniards emancipate at the age of 30, about three years later than the European average. One of the main reasons for this delay is related to the difficulty of accessing housing at a reduced cost and in a location that meets the preferences of recent graduates.
Some 675,000 homes were sold in Spain in 2021, 38.1% more than in 2020, and well above the level of 2019, before the outbreak of the pandemic. Sales regained the pre-pandemic level in the summer of 2020 and have maintained a robust growth trend since then.
One issue that regularly comes up in the real estate market is knowing whether or not house prices are overvalued, especially when prices increase several quarters in a row. There's no easy answer, because it requires comparing the price with its equilibrium price.
Private consumption lost prominence in 2017. Its progress will slow down to around 2% in 2018-2019 due to the reduced momentum of its determining factors and the repercussions of economic policy uncertainty.