The Most Famous Housing Crash In Europe Is Starting To Turn Around

The most famous housing crash in Europe existed in Spain.

In some sense, Spain was the “Florida” of the Eurozone crisis, as it experienced a gigantic housing boom in the good days, followed by a brutal real estate collapse, threatening the banking system.

Anyway, like Florida, it’s coming back, as the Eurozone crisis fades further into the rearview mirror.

Via Markit, the YOY decline in Spanish home prices hit its best number in 3 years.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.