12/28/2023 0 Comments Elucidate in spanish![]() That is to say, if many potential buyers estimate that a future fall in prices is nearing, they can opt to wait for this to occur in order to buy. The future evolution of a market influences the real behavior of an individual. On their behalf, the sectors in disagreement with the economic situation, more connected to the consumers, mainly affected by the increase of prices and the difficulties of access to housing, insisted in valuing the same data in the opposite sense, the same that other groups framed as a social critique and the Green Movement. A little after the Spanish National Institute of Statistics announced the strong decrease of buying and selling of housing (27% in the first trimester of 2008) and the contraction of mortgages (25% in January 2008), this is considered the moment of the explosion of the Spanish bubble.Ĭonstruction companies, the main beneficiaries of the increase in prices, used to deny the existence of the bubble, clarifying the interested "myth", as well as other sectors directly tied to the construction business, for which a bubble did not exist, but was simply a "real estate boom". real estate bubble burst, following the subprime mortgage or junk mortgage crisis. That is to say, the price of housing increased 6 times more quickly than wages and the average CPI. Also procedures have been established that permit them to elucidate the existence of the speculative bubble with more preciseness,Īlthough there does not exist an exact definition of what a speculative bubble should have noted, in the case of the Spanish bubble, big differences between the average increase of the CPI and wages (of 3%) and the annual increases of the price of living up to 17% were evident. Various reasons explain this lack of agreement. ( March 2022) ( Learn how and when to remove this template message)ĭuring the years of the generation of the real estate bubble, there did not exist a unanimous agreement among analysts regarding whether it really existed or a speculative phenomenon. Statements consisting only of original research should be removed. Please improve it by verifying the claims made and adding inline citations. This article possibly contains original research. For more guidance, see Wikipedia:Translation.You should also add the template to the talk page.A model attribution edit summary is Content in this edit is translated from the existing Spanish Wikipedia article at ] see its history for attribution. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation.If possible, verify the text with references provided in the foreign-language article. ![]() Do not translate text that appears unreliable or low-quality.Consider adding a topic to this template: there are already 5,126 articles in the main category, and specifying |topic= will aid in categorization.Machine translation like DeepL or Google Translate is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.View a machine-translated version of the Spanish article.
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