The inflation in Spain is 5.5%, according to the latest data from National Institute of Statistics.
According to Bankinter analytical group, residential real estate prices will continue to rise in the coming years. «The real estate market is surprisingly positive and prices will continue to rise, at least at the rate of inflation», analyst Juan Moreno said.
The Bank of Spain expects price increases of 2% and 1% in 2022 and 2023.
It means that those who want to save money by investing in real estate still have a good opportunity to implement their plans in 2021.
According to a survey conducted by Alfio Bordeli's team at Training Group, 6 out of 10 Spaniards consider investing in real estate the best way to save and invest in the future. However, only 17% currently see such opportunities for themselves.
The Bank of Spain has published data on the profitability of real estate in comparison with rent: 7% of the profitability of real estate and 3.7% of gross rental profitability.