EZB8RISK / Market Briefing

Spain's housing crisis keeps deepening, with parliament's rejection of the government's housing decrees now followed by their formal repeal, removing rent extension protections for

Spain's housing crisis keeps deepening, with parliament's rejection of the government's housing decrees now followed by their formal repeal, removing rent extension protections for hundreds of thousands of contracts and fueling continued tenant protests. Second-hand home price growth slowed in the third quarter, a sign the affordability squeeze may be cooling at the margin even as the political standoff over rents intensifies. The combination leaves the government weakened and the housing policy path uncertain heading into the next legislative cycle.

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