Houses in Spain will continue to rise in price in 2022: will the «bubble» appear in the real estate market?

Houses will continue to rise in price in 2022 in line with the growth of the economy and prices. There is no need to talk about a «bubble» in the real estate market. This is the most common opinion among analysts and scientists.

According to Ignacio de la Torre, Chief Economist at Arcano Partners, the probability of the «bubble» is related to real estate affordability. «The problem is that properties are growing and if it rises in price by 9%, as in Germany, or by 20%, as in the USA, it may lead to the formation of the «bubble».

In 2021, real estate in Spain has risen in price, contrary to the forecasts of many analysts. The National Institute of Statistics will publish official data in March this year. The annual growth rate up to the third quarter was 4.2%. The research department of CaixaBank, which estimates the average growth in the year just ended at 1.9% (much lower than in other sources), believes that this figure will double and reach 4% in 2022.

«There are some worrying symptoms», sums up Gonzalo Bernardos, Head of the Master's Degree in Real Estate Consulting, Management and Promotion at the University of Barcelona. The economist sees only «the danger of the light bubble». He makes it clear that the situation is very different from what it was in 2008.