Servihabitat Trends

Servihabitat Trends, the research and market analysis platform spearheaded by Servihabitat, draws up a series of reports with the goal of sharing with its partners an in-depth picture of the financial-real estate sector and analysing the keys to its evolution and future trends.

We invite you to learn about the main conclusions of the studies developed by the platform.

31 May 2017

“Residential rental market in Spain”

The report analyzes the industry’s evolution and highlights the positive trend that it has experienced in recent years, as the key indicators are pointing out.

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It has been prepared using official sources, figures from the portfolio of rental properties managed by Servihabitat and the leading real estate portals. According to them, it is advisable to differentiate three regions: Madrid, Barcelona and their metropolitan areas, where rental prices are experiencing an upward trend and demand is sustained; cities with more than 300,000 inhabitants, with a moderate rise in activity; and all other locations, whose growth is virtually inexistent.

The report contains the factors that confirm that the growth of Spain's rental market may continue over time. These factors include: an increased geographic mobility, with greater concentrations in the heart of cities; a shortage of new homes in certain regions; limited access to credit for home purchases and the changing mentality that is taking place, primarily between younger population.

Some of the key indicators that show the evolution of this segment in the country are:

  • 22.5% of primary homes in Spain are rented: nearly 4.2 million properties.
  • The profile of a rental home in Spain is: less than 90 sqm, located in a building over 35 years old and with 10 or more homes.
  • In Spain, the average period of time from when a home is placed on the market until it is rented is just over two months, although this can be a matter of days in certain markets with strong activity as Madrid or Barcelona.
  • According to 72.1% of the Servihabitat Network of partner agents (APIs), renters in the regions where they operate are between the ages of 26 and 35 years. 27.5% of those partner agents carry out rental transactions primarily with foreigners, more than double of the figure for 2016.
  • The number of rental homes available in Spain is 106,700, resulting in 2.5 available homes for every 1,000 residents and 5.8 for every 1,000 households.
  • The average price of rental homes in Spain between 80 and 90 sqm is €600. This number is expected to increase by an average of 4% to 5% at the end of the first half of 2017.
  • The average gross profitability for a rental home in Spain is 5.4%, with Catalonia, the Community of Madrid and the Balearic Islands at the top of the list.

View the report: “Residential rental market in Spain“

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5 December 2016

“Residential Market in Spain”

The third edition of the study “Residential Market in Spain” provides both an exhaustive overview of the status of the residential market at the end of 2016 and a forecast for 2017.

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The report reveals that the sector has consolidated its growth in 2016, as expected late last year, in spite of at three different speeds. In 2017, the market will continue to pick up gradually. The main conclusions are:

  • The volume of residential transactions increased by 26% in 2016 and this trend is expected to continue over the coming year, with a year-on-year growth of more than 12% to 500,000 units sold.
  • The new construction stock continues to show an approximately 20% year-on-year shrink, although not consistently, both this year and in 2017. At the end of 2016, this will number 388,000 homes.
  • One of the other indicators that confirm the positive market evolution is the moderate increase in housing prices, which in 2016 is 4.6% more than the previous year, and in 2017 will rise about 4.3%.
  • The rental market has consolidated itself, with an expected increase in the number of rental transactions as compared to residential transactions. The average gross yield is 5.4% in 2016 for rental homes in Spain.
  • Lastly, foreign buyers have increased their activity in the Spanish residential market, as the total number of transactions carried out in Spain by buyers with this profile until the month of June this year is 18.4% more than during the same period in 2015.

At Servihabitat, we share the latest news on the evolution of the real estate industry in Spain, thanks to the collaboration of our Network of partner agents (APIs) and the support of the Institute of Business Practice (IPE) and its Real Estate Chair.

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