Real estate market in Spain

In a nutshell

The construction industry in Spain contributes about 5.6% to the GDP, which can fluctuate in times of crisis or economic boom. With the economic recovery that Spain has experienced in the last two years, in 2016, 13% more homes were sold than in the previous period, with a total of 458,781 sales carried out. Given the job creation forecasts along with the economic growth and stability forecasts, the construction industry increased its work by 28.9%, with the approval of 64,038 new construction projects, specifically in cities such as Madrid, Barcelona, Alicante, Málaga, and Vizcaya. Likewise, for 2017 there is an increase of 24% in residential construction with the approval of 80,000 new projects.

All of these figures suggest that 2018 will be the first year to exceed 500,000 homes sold since the housing bubble burst in 2008, with an estimated sales growth of 10%. In regards to land value, 2016 saw an increase of 5.3% in year-over-year growth and 2017 began its first half with an increase of 1.2% on the average appraised value of homes.

房价(欧元/每平方米)

租金(欧元/每平方米)

租房和住房市场洞悉

至于西班牙的租房市场,其中约78%是产权房,过去几年已经有越来越多的人开始倾向于租房。2017年第一季度平均每平方米租金就达到了7.92欧元,与上一年同比增长9.5%。预计近几年租金还会继续上涨。

2016年海外买家占据总买家数量的17.2%。在同一个省内,比如马拉加,海外买家购买量有所下降,但是卡斯特列翁、阿里坎特和特内里费岛这些地方,海外需求量就占到当地房产市场的39%。英国脱欧后,英国买家购买西班牙房产的需求减少了,尽管英国还是主力投资源。这也导致法国、意大利、比利时和德国的买家数量上涨。总体来说,2017年第一季度海外房屋买卖量上涨了15%。

Download full Spanish guide

Everything you should know to buy a property in Spain as a foreigner.

Cost of housing in Spanish regions