What is happening with Spanish property prices? Is it worth investing in property in Spain? We have the details.
No one has a crystal ball to know exactly what the price of housing will do in the coming years, especially when totally unexpected events occur, such as the pandemic caused by COVID-19, or even the war in Ukraine. So, what is happening with Spanish property prices? Are house prices dropping in Spain? Excluding unexpected events, this graph shows the evolution of the price per m2 of housing for sale in Spain until 2032. This is the Spanish house price outlook and predictions 2022-2032.
The data shows that in 2022 there could be a turning point when it comes to property prices in Span and possible years of price adjustments until 2027-2028. After this date there would be a new real estate boom, that is, the next expansionary cycle in real estate would be 15 years. Del Pozo (head of idealista/data) points out that in Spain, real estate cycles historically last between 12 and 15 years.
For convergence with our European environment and for the health of the market, it would be good if the cycles were increasingly shorter and less dramatic, in other words, less volatile, but for this to happen, we need, among other things, legal security and stability, as well as a supply that is in line with demand.