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.

24 October 2019

"Residential rental market in Spain"

The sixth edition of the report on the "Residential rental market in Spain" shows the sector to be in good health according to the main indicators measuring its progress, although with some moderation, mainly, in prices.

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Besides setting out information about the progress and stabilization of the market, the study also includes an in-depth analysis of the main indicators involved in this sector:

  • 23.7% of the Spanish population lives in rental homes.
  • 28% of multi-family homes are rented while, in the case of single-family homes, renting represents 13.2%. In addition, 47.8% of rental homes have less than 75 useful sqm.
  • On average, the homes take about 49 days to be rented. In the Community of Madrid, this time is lower still (39 days) and in Andalusia, the Community of Valencia and Catalonia it is 50 days.
  • The offer of homes available for rent in Spain is 87,700 homes, 16.1% less than last year. There are 1.9 homes available for every 1,000 inhabitants and 4.7 for every 1,000 households.
  • The average price of a rental home of between 80 sqm and 90 sqm is increasing by 12.7% compared with the previous year and is around €800. Therefore, based on the Spanish national average, prices are around €9.4 per sqm.
  • The average gross profitability of rental homes in Spain is around 5.7%. The Community of Madrid (5.8%) exceeds the national average and is followed by Catalonia (5.6%) and the Region of Murcia (5.5%).

View the report: "Residential rental market in Spain"

 
 

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20 December 2018

“Residential market in Spain”

The seventh edition of the report on the “Residential market in Spain” provides a comprehensive overview of the status of the housing market of the country and presents a forecast on trends for 2019.

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The report concludes that the residential market has shown signs of consolidation in 2018 and it is expected that by 2019 this trend will continue but with greater stabilization in the main indicators of the sector. The following are among the conclusions that are highlighted:

  • Residential transactions will grow by 4.7% in 2019, exceeding the 632,000 transactions registered at the close of the year.
  • The volume of housing starts will increase by 8.5% in 2019, to nearly 102,500 homes.
  • Home prices continue on the rise and are expected to increase by 4.7% in Spain in 2019.
  • The new construction stock continues its downward trend, dropping by 2,7% in 2019.
  • In 2017, 22.9% of the Spanish population lived on rental homes, a figure that has been increasing during the last decade.
  • Homes purchased by foreigners increased by 9.4% in 2018 to more than 91,700 units until June 2018. Overall, foreign buyers have made up 17.1% of the total housing transactions in 2018.

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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