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.

7 July 2020

“Residential Market & Domestic Investors: The Repercussions of Covid-19”

The special report on the “Residential Market and Domestic Investors: The Repercussions of Covid-19,” provides an exhaustive analysis of the sector in the wake of the coronavirus crisis, as well as a forecast for the months ahead. The document also emphasizes the significant role of the domestic investor in this area of the market.

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The report concludes that thanks to the strength of the market, the real estate sector may be one of those least affected and quickest to recover. However, it also stipulates that location and product type will play a key role in determining how long the return to normal performance rates will take. Compared to previous crises, the market is now healthier, more professionalized, and highly attractive to investors. As a result, the indicators suggest it will prove to be resilient, despite the events of recent months.

The report’s findings include the following:

  • Prices will fall by 5.7% in 2020 and begin a gradual recovery in 2021 to reach -3.3%.
  • 2020 will produce a total of 420,000 sales transactions, 26% less than last year. This indicator will recover slightly in 2021, with 503,000 transactions predicted.
  • The number of new builds commenced in 2020 will fall by 20% year-on-year with 86,000 new projects. The number of completed builds will fall by 12%, with 62,000 homes completed.
  • The rental market will be the least affected by the health crisis. Throughout this year, it’s expected the number of leasing operations will continue to increase, and the price will trend towards moderation with slight increments.
  • Following the lockdown, prospective buyers and tenants are looking for a different type of property. According to data from Servihabitat’s Network of partner agents (APIs), the number of people searching for properties with outside space in the form of terraces or a garden has increased by 40%
  • Investor interest in the real estate market will grow due to its comparative stability and its ability to offer an 8% return, a yield well above that provided by other products.
  • Retail investors will dominate real estate operations in the coming months. Currently, according to the APIs consulted, 70% of sales involve this type of investor.

This report was made possible thanks to contributions from our Network of Partner Agents (APIs) and support from CEPREDE (the Center for Economic forecasting).

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Access to previous reports through the following link:

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23 December 2019

“Residential market in Spain”

The eighth edition of the report on the "Residential Market in Spain" provides a full analysis of the current situation in the sector, as well as a forecast on the main trends for 2020.

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The present report concludes that the Spanish residential market is continuing its trend of consolidation in 2019 and predicts a moderation in the indicators that measure the health of the market for 2020. The following are among the conclusions highlighted:

  • In 2020, residential transactions will grow by 4%, reaching 640,000 transactions at the close of the year.
  • Also in 2020, the volume of housing starts will exceed 125,000 units, which means an increase of 8.5% compared to this year.
  • House prices will continue to increase in 2020, but they are expected to do so more moderately, at 4.8%.
  • Next year, new construction stock is expected to continue draining, with a drop of 3.5%.
  • Rentals will continue to gain ground in the residential market: in 2018, 23.7% of the Spanish population was living in rental homes, a figure that continues to draw closer to the European Union average.
  • Finally, homes purchased by foreigners shows that there is less dynamism than in previous years, with an increase of 2.3% in 2019, to nearly 94,000 units. Furthermore, foreign buyers have made up 16.4% of the total housing transactions in Spain in 2019.

Servihabitat provides the latest news on the evolution of the real estate market in Spain thanks to the contribution of our Network of partner agents (APIs) and support from the CEPREDE (Economic Forecast Center).

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