Chino from China mocked that El País had just "discovered" the law of supply and demand. As he wrote, homeowners charged as much as possible due to market dynamics, not by acting in a coordinated manner or like a monopoly. https://t.co/53ytOtvfI0 #Economía #Mercado #OfertaYDemanda (translated)
The author argued that the law of supply and demand indeed applied in this case and considered that purchases by non-resident foreigners, which he wrote represented 6% of sales, were driving up housing prices. He also suggested a scenario of at least 20% of purchases and 50% of another category, which the message did not specify. (translated)
