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 May 2018

"Residential rental market in Spain"

The report takes a look at the evolution of this sector, highlighting the progress shown by the main indicators, which are growing, although moderately. Prepared from official sources, in-house information from the portfolio of rental assets managed by Servihabitat and the main real estate portals, the study highlights that the differences between the most dynamic areas and the remaining areas continue to increase.

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In addition to the factors that are favouring the increase in home rentals in Spain, the most significant of which are the change in the mentality of the younger population, an increase in geographic mobility for work-related reasons and the obstacles to emancipation and access to home purchases, the study analyses the changes in the main indicators affecting this sector:

  • 22.2% of the Spanish population live in rented housing, still far from the 30.7% for the EU-28 but gradually increasing.
  • 27% of multi-family homes are rented and 74% of these properties have less than 90 sqm: these are the characteristics of the main rental homes.
  • The number of months required to rent a home in the country has continued to drop and now stands at a little more than a month and a half, although this differs, depending on the area.
  • The offer of homes available for rent in Spain is 90,000, which represents 1.9 homes on offer for every 1,000 people and 4.9 for every 1,000 households.
  • The average price of homes for rent with a surface area of between 80 and 90 sqm in Spain is €680 and the average price is expected to increase by 1.5% - 2% during the first semester throughout the territory.
  • The average gross annual profitability of rental homes in Spain is 5.7%, and continues on an upward trend, although the overall increase is moderate. The Community of Madrid (5.9%) exceeds this average.

View the report: "Residential rental market in Spain"

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13 December 2017

“Residential market in Spain”

The fifth edition of the report on the “Residential market in Spain” offers an industry analysis at the close of 2017 as well as a forecast of how the key indicators will evolve next year.

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The report notes that the residential market has shown clear signs of recovery in 2017 and points towards consolidation and further growth in 2018, with a market that seems to have found very firm footing in most regions. Some of the main conclusions are:

  • Transactions increase by 18.3% in 2018 and more than 560,000 units are expected to be sold by the end of the year.
  • Housing starts as well as approved and completed projects will increase by about 20% in 2018 over the data for 2017.
  • New construction stock continues to be absorbed: it will fall by more than 16% in 2018 for a total of just over 243,000 homes.
  • Home prices in Spain will rise by an average of 4.5% this year and should grow by an additional 4.7% in 2018.
  • The rental market is evolving favourably, although it shows different behaviours depending on the region analysed. The average rental price for a home with 80 to 90 sqm of floor space in Spain is €620 and the average gross profit is 5.5%.
  • During the first half of 2017, 16.8% of housing transactions in Spain involved a foreign buyer.

Servihabitat provides the latest news on the evolution of the Spanish real estate market thanks to the contributions 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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