occurred in the global economy
Recovering after the crisis, the Spanish economy is regaining lost positions: if in 2009 the GDP growth rate fell to a record low of −3.57%, then from 2012 the figure shows steady growth, reaching 3.2% in 2016.
Catalonia is the most developed region of Spain, the GDP of Catalonia is 20% of the GDP of the whole country. The unemployment rate in Barcelona is consistently below the national average: in 2016, the gap was 3.7%. Continue reading
In recent years, mortgage rates in Europe and the USA have fallen, dropping to a record low by 2017, while real estate prices have grown at an accelerated pace.
However, in 2015, the US Federal Reserve System (FRS) began to gradually increase the discount rate. Many assume that, following this rate, mortgage interest will begin to rise (both in the United States and in Europe), and this will put pressure on the value of real estate, as investors will expect a higher return on invested capital. Continue reading