In Spain and Portugal, the housing market is hitting new highs, with property prices climbing steeply and leaving many potential buyers priced out. The surge is driven by a mix of high demand and scant supply. Although mortgage approval rates are increasing, challenges like rising borrowing costs and stricter lending rules in Portugal pose risks.
In Spain and Portugal, the housing market is hitting new highs, with property prices climbing steeply and leaving many potential buyers priced out. The surge is driven by a mix of high demand and scant supply. Although mortgage approval rates are increasing, challenges like rising borrowing costs and stricter lending rules in Portugal pose risks.
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