In 2007, more than one and a half million mortgages on real estate were constituted, a figure that decreased from 83% to 2014.
The financial crisis of 2008 caused, in Spain, serious problems in the real estate sector. In 2007, more than one and a half million mortgages on real estate were constituted, a figure that decreased from 83% to 2014. Among other reasons, this considerable decrease was caused by the preference of many families for rental housing and not property (greater difficulty in granting credit, greater economic instability, etc.). Spain continues to have a very high percentage of property ownership compared to the surrounding countries. However, access to rental housing continues to be a problem due to the continuous rise in the cost of rent in the main metropolitan areas of our country, therefore measures must be implemented to curb the rental price.