CUNEF Universidad launches “Structural Challenges of the Spanish Economy”, a seminar series by Pablo Hernández de Cos

The seminar series “Structural Challenges of the Spanish Economy”, given by Pablo Hernández de Cos, former Governor of Banco de España (2018-2024), incoming Managing Director of the Bank for International Settlements (July 2025) and CUNEF alumni , began last Thursday, 21 November, at CUNEF Universidad. In this first seminar, which focused on the housing situation in Spain, Hernández de Cos highlighted the following conclusions:

• Steep housing demand and tight supply have led to a strong increase in sale and rental prices since 2014.
• This increase has shown high geographic diversity, with demand shifting from purchasing to renting and contained risks to financial stability.
• The problems caused by the housing shortage have become increasingly severe, in particular, in the rental market, lower-income households, large cities and tourist areas.
• Economic policies need to focus on fostering supply, especially in the rental market.