NEWS

PROPERTY PRICES IN SPAIN CONTINUE TO RISE

8th November 2024

Gonzalo Bernardos, professor of economics at the University of Barcelona and a well-known commentator in media such as RAC 1 and La Sexta, expects about 825,000 homes to be sold in Spain by 2025, similar to 2007 figures. Only 10% of these will be new builds. Despite these high numbers, there will be no property bubble as banks remain cautious. In August, the number of residential mortgages increased by 8.8%, and this trend continues.
Bernardos predicts favourable times for sales of existing homes, with prices continuing to rise, even above 10%. By 2024, prices were already up 14.65% due to high demand from 1.5 million households, preventing price drops. Banks will even offer solvent buyers up to 100% financing, often with parental guarantee. Meanwhile, Coapi vice-president Ángel Martínez León complained about the government's lack of housing policies to solve the housing shortage.

NEWS

PROPERTY PRICES IN SPAIN CONTINUE TO RISE

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