The twelve-month euríbor returned to approach 3%, once again threatening the purchasing capacity of families. This resurgence of the index occurs at a time when housing prices remain under pressure and access to financing has become one of the main barriers for buyers.
Buyers are not disappearing from the market, but are being more cautious in their financial calculations. They arrive at the market with less margin, which means that demand is adjusting in a less direct way than would be expected given such a significant rise in interest rates.
The combination of high interest rates, strained housing prices, and reduced financing capacity is testing the limits of demand in the real estate sector. Despite this, the market is not experiencing a sharp drop in demand, but rather an adaptation by buyers to the new economic conditions.
