The real estate market is constantly influenced by other sectors of the economy. Because of this, market trends and the market itself are in constant change. Fluctuations from period to period can be strong and extremely unexpected. D&A Inmobiliaria has decided to share a list of trends expected in 2023, formulated based on an analysis of the state of the market in recent months. Experts believe that the information provided will be a good help for the orientation of investors, property owners and buyers.
D&A Inmobiliaria itself is a real estate agency based in Malaga and actively present on the Costa del Sol. Its activity began in 1999. The company is managed by Monica Negron and David Moreno, professional real estate consultants. The company has made a name for itself through decades of active support and assistance to investors, sellers, buyers and tenants of real estate. For motivated buyers and investors, especially those who are interested in Malaga, it may be a good option to use the company's services.
As for the trend. D&A analysts point to noticeable changes in the Spanish real estate market in the last quarter of 2022 and the beginning of 2023. Now they are observing prospects for an increase in the volume of new construction in the second half of the year, an increase in the volume of investments, primarily foreign, strengthening the positions of large companies in the market and stabilizing the market, moving away from the extreme growth rates of recent years.
There is still a high demand for real estate from an international buyer, despite rising interest rates. Mortgage loans will continue to rise in price, but the situation will not reach the point where the growth rate begins to scare off foreigners. D&A also expects that in the first half of the year the number of new construction projects in development will remain at the same level, but will gradually increase towards the end of the year.
The structure of future demand from foreign investors is also indicated in more detail. It is likely that real estate sales to foreigners who are accustomed to using credit financing in their activities will decrease. Individuals who prefer to buy with their own money will continue to arrive. Just as various international companies will continue to do. Nevertheless, the fact that local demand for real estate has generally fallen, and foreign demand will decrease due to mortgage buyers, real estate prices in Spain will decrease to some extent. However, experts do not expect a serious decline.