Director General of Sociedad de Tasación Juan Fernández Aceituno has introduced the new trends in real estate market in 2022 at the press conference for media representatives:
- The Spanish economy is to recover in 2022 should at least four factors are to be confirmed: improving the situation at a labor market, increase of consumption, release in supply chains, slowing of hospitalization cases and reduce of deaths caused by pandemic. The overall ups and downs of these indicators will drive the economy and define the progress at real estate market.
- Sales of newly-built houses grow faster than transactions at the secondary housing market. During the first ten months of 2021 transactions at the primary real estate market were positive at +39% growth (+21% in comparison with с 2019), unlikely with the secondary market, which results were fixed at +35% growth (+5% in comparison with the same period in 2019).
- The cycle of increase of average prices on real estate should finish by 2023, if only the usual growth tendency will keep stable in the nearest eight years consecutively. However, there is a row of indicators that can lengthen the cycle, both at the primary and secondary property markets.
- Interest rates reach their historical minimums and stimulate the demand. By the data of INE, prior to October 2021 there were 467,509 transactions registered: 372,336 ones at the secondary market and 95,173 ones at the primary market. This indicator is much higher rather than in 2019 (431,713 transactions in total).