In Spain population growth is significantly higher than housing stock growth. Generating an unbalance where demand is higher than demand. Pushing up housing prices.

https://image.nostr.build/6c779beb792d9691784aa19d8d6274a1a4bf7b56fedf09ff075891fae2cd39d0.png 

 Errata = "Generating an unbalance where demand is higher than supply."