2020 and 2021 were strongly marked by the pandemic, and it was expected that in 2022 things would return to normal. But after the start of the conflict between Russia and Ukraine, the global socio-economic context has changed completely, and the Spanish real estate market has not been unaffected.
Engel & Völkers has grown by 8% in Spain, despite economic and financial challenges despite the economic and political challenges of the past year, reaching a brokerage volume of 3.40 billion euros in 2022 brokerage volume of 3,402 million euros.
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The change of cycle in the real estate market is a reality and, after eight consecutive years of growth in the number of transactions and prices, in 2023 the gap between real estate supply and demand will widen due to the rise in inflation and interest rates. This mismatch will be the great challenge for this year, in which premium housing will not be so affected. These are the main conclusions that can be drawn from our latest market report 2022-2023 Spain and Andorra.
After several years of an upward trend in property prices, the outlook for 2024 looks fairly stable. In fact, it is estimated that prices will not increase much and that, thanks to low demand, buyers will have the opportunity to get the best value for their properties.
Buying a home is one of the most important decisions we can make, as it can make a big difference in our quality of life in the medium and long term. In this post, we will explore the current trends in the purchase of new buildings, as well as the benefits of buying a home with these characteristics.
Buying and selling a home is one of the biggest long-term commitments a person can make in his or her life. However, it is important to bear in mind that, in addition to the price of the property, there are also a number of additional taxes and additional expenses that must be paid in this process
There are many reasons that can motivate the search for a new home: change of job, family growth, wanting to try a new location... But then the question arises of what to do with the property we already own. Can we sell it to buy another one? Selling to buy is one of the main reasons why a property is transferred in our country.
If you are thinking of buying or selling a property, whether it is a home or business premises, it is essential to understand the concepts of cadastral value and market value. Although they are often confused, these terms play different roles in the valuation of properties.
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Engel & Völkers Spain
Avenida Diagonal 640, 6B
08017 Barcelona, España
Tel: +34 900 747 281