Spain's housing bubble and bust (2008-2013)
Spain's construction-driven boom collapsed in 2008, leaving banks, builders, and mortgage holders in distress. Foreclosures and evictions rose sharply in the following years.
Hundreds of thousands of families lost homes; anti-eviction movements like the Platform for Mortgage Victims (PAH) gained national prominence.
Housing precarity became a permanent political fault line; the INE reports the national housing price index has more than doubled since 2014.
Today's crisis is partly a continuation of the 2008 aftermath, and the new decrees represent the strongest state intervention since that period.
