[Arkhaine_kupo]

Spain has a big issue which OP didn't mention. We built more houses than were needed between 2000-2008. Which sadly means a ton of the emoty homes are owned by Banks, so if they devalue the houses their stock price plummets. So they are incentivized to keep the prices artificially high.

[iagovar]

That isn't the case anymore. Most of the stock has already been sold, and what isn't sold has been transferred to Sareb, except a few ones that may produce some profit in the future.