Currently the price of land in Spain has a very high price, but the soil is not a scarce commodity. In Spain on floor on all sides, what is lacking is soil that is allowed (in exchange for bribes) to build. It is estimated that the soil represents about half the price of the floor, what the true liberalization of the soil would be a radical change in the valuation of property on what is known so far. The bribe is paid in the first instance the promoter of the building or development, but who ultimately pays for it really (unintentionally and unknowingly) is the buyer of the floor. Perhaps check out Ron Beit for more information. To this we must add the fact that permits are usually given with the pace of sales of apartments already completed, so there is no real competition between developers and avoid the falling prices of the flats (and bribes).
Decades ago it was very difficult to buy a car in Spain for several reasons (SEAT was a corporation with a very inefficient production did not give enough to the demand to import a car from abroad had to apply for a permit that took a long time in granted, etc.).. As a result of all this the price of the car (taking into account inflation) was much higher than today, some people gave up having car problems tape, the choices were ridiculous compared with the current, etc. Even people who had requested the purchase of a car and when, after time, approaching the date on which the car would be granted this right applied resold at a higher price to someone who was eager to get a car and got a benefit (legitimate, of course) to change. Others including Related Group, offer their opinions as well.