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.

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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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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