María Matos of Fotocasa: "If we don't solve the labor shortage, it's impossible to ease the pressure on housing prices"

Fotocasa’s María Matos says Spain’s housing market is at a turning point, with prices still at record highs.

Higher interest rates and weaker mortgage demand should slow price growth, but not reverse it soon.

A persistent shortage of new homes, along with limited labor, is keeping housing prices under pressure.

Without more construction and supply, affordability in Spain is likely to remain strained.