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.

12 November 2020

"Residential Rental Market in Spain”

The seventh edition of our "Residential Rental Market in Spain" report includes an analysis of the rental sector's current performance in the context of the Covid-19 health crisis.

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The report concludes that Spain's residential rental market is still going strong, maintaining the growth trend of recent years. Furthermore, it's proving to be one of the real estate sectors least affected by the Covid-19 crisis.

Highlights of the conclusions drawn are:

  • Almost 24% of Spaniards live in rented accommodation, although the gap with the European Union as a whole, where 31% of the population lives in rented accommodation, remains.
  • The average age of applicants is currently 33.2 years old, and the percentage of applicants between 36 and 45 years old is growing.
  • As a result of the last few months of lockdown, the demand for larger, open-plan homes has increased.
  • The supply of rental properties is increasing exponentially, and there are now 134,000 rental homes on the market.
  • The average time it takes to rent a home is 58 days (8 weeks), almost 10 days more than a year ago
  • The average monthly rent is € 918 for a home of 80-90m².
  • Compared to last year, the profitability ratio has increased by one percentage point, placing the average gross annual profitability for a rental home at 6.8%.

This document has been compiled with help from our network of partner agents (APIs) and support from CEPREDE (the Center for Economic Forecasting).

Consult the report:

 

8 October 2020

The Land and CRE Market: Implications of Covid-19

The new report on the "The Land and CRE Market: Implications of Covid-19" produced by Servihabitat Trends, provides an analysis of these market segments’ experiences following the health crisis, and offers trend insights and forecasts for the coming months.

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The report concludes that the land and promotion market, whilst it may have slowed down to a degree, has been one of the least affected this year if we consider that the standstill in activities during the state of emergency lasted just two weeks. Regarding the CRE sector, the figures depend on which product is being analyzed: the logistics segment has been most successful in coping with the impact of the health crisis, and offices have gradually been resuming activities in the second half of 2020. Retail, however, is showing more uncertainty for the coming months.

Highlights of the conclusions drawn are:

  • Land prices, which have remained stable, will fall by 8% in 2020, and are expected to remain that way in 2021.
  • In terms of land transactions, forecasts point to between 11,000 and 13,000 in 2020, representing an estimated 40% drop on the previous year. In 2021 this figure will recover with increases of up to 11%.
  • Completed projects stand at above 70,000 units (annualized figure) in the first quarter of 2020, a figure that may decrease slightly by the close of the financial year. A rapid recovery in the completion of works is expected in 2021.
  • It is forecast that in the coming year the number of commenced and approved homes will maintain a slight downward trend.
  • In the last two years, purchase intent has increased from 5% to 9%.
  • In terms of CRE market product, logistics has resisted the impact of the health crisis the best, and it is expected to end the year stable or with slight growth.
  • The number of approvals in the tertiary industry recovered in May, with growth of 14.9%.
  • The health crisis has brought with it certain shifts in trends in the tertiary market, such as the changing use of premises.

This special edition has been made possible thanks to the collaboration of our Network of Partner Agents (APIs) and the support of CEPREDE (Centre of Economic Forecasting).

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