The real estate market in Spain is experiencing a «Golden age», which has not been observed since 2008.
Taking into account all the precautions caused by the pandemic and economic uncertainty, analysts predict a price increase of about 4%, as well as, once again, very good sales figures.
These figures contrast with the performance of the rental market, which could fall by 4% in 2022, according to Maria Matos, especially in major capitals such as Madrid and Barcelona. In fact, the rental price of housing ended 2021 with a drop of 4.5% year-on-year.
According to the valuation company Tinsa, the average price of new and secondary housing increased by 4.3% in 2021. In some cities the growth was higher than the national average, for instance, in Bilbao (13.7%), Malaga (9.8%), Seville (6.2%) or Madrid (5.8%), while in other cities the growth was lower than the national average in Valencia (4.2%), Barcelona (2.9%) or Zaragoza (0.9%).
In some sparsely populated provincial capitals, such as Huesca (-2.8%), Seria (-4.2%) or Palencia (-13.2%), real estate prices have even fallen.