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  • All
  • Apartment
  • Building
  • Building Site
  • Business Premise
  • Duplex
  • Flat
  • Garage
  • House
  • House with land
  • Industrial Land
  • Parking
  • Penthouse
  • Plot of land
  • Rural Land
  • Rustic property
  • Storage room
News
Real Estate Market in Spain
 23

  FEB

Real Estate Market in Spain

The real estate market in Spain is renewed with the arrival of the new year. The severe blow to the housing sector caused by the Covid-19 pandemic is finally giving way to a rapid recovery and it is estimated that the real estate boom will continue until at least 2023. Despite the major repercussions of the coronavirus on our country's economy, the real estate market in Spain was one of the sectors that was able to adapt and stay afloat in the midst of the crisis.
Real Estate Market in Spain: What is expected in the Spanish real estate sector for the next few years?
The recession in the Spanish real estate market was much less than expected. According to data provided by Forcadell and the University of Barcelona, real estate transactions fell by 14.5% and house prices fell by between 5% and 10%. Some of the factors that supported the slight fall in this sector were the following:
  • Minimal oversupply.
  • Availability to acquire a Spanish real estate loan from banks.
  • Affluent population with interest in buying a home.
  • Low interest rates
It is estimated that there will be an increase in sales of at least 25% in the real estate market in Spain. The growth of the sector will take off especially during the second half of this year and may extend beyond 2023 if interest rates remain low, i.e. a maximum of 3%.

How to apply for a Spain Real Estate Loan?

Before applying for a real estate credit Spain it is important that you know the advantages offered by the different banks and study the offers of each one of them. You must choose the mortgage loan that best suits your needs taking into account that you must be able to pay the fixed installments in the established term. We recommend that you seek the advice of experts in the real estate market in Spain who will provide you with the support you need and answer any questions that may arise during the process.
Once you have compared all the real estate credit options, the only thing left to do is to choose the one that suits you best. Keep in mind the interest rate, expenses and commissions involved in this process. It is time for you to invest and enjoy all the facilities that the real estate market in Spain currently has for you.

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