Do Spain's property website algorithms push up prices?
· the local
AI Briefing
- Algorithms on property websites in Spain may be driving up prices by prioritizing luxury listings, creating a self-reinforcing cycle.
- These algorithms favor properties with high-end features and modern images, which can create unrealistic expectations among buyers.
- This could lead to a surge in demand for high-end properties, driving up prices and making it less affordable for first-time buyers.
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