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This episode examines the sharp 14.3% rise in Spain’s property prices over the past year, pushing the cost per square meter close to the peaks of the 2007 housing bubble. Driven by strong demand and limited supply, regions like Madrid, Valencia, and the Canary Islands are leading the increases. We explore how affordability is worsening for families, the impact of geopolitical tensions on construction costs and inflation, and whether the market is stabilizing or heading toward further strain.