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The residential sector in Spain
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The residential sector in Spain
IN-DEPTH ANALYSIS WITH EXPERT INSIGHT FROM THE COLLIERS TEAM
Trends in the residential property market always arouse great interest among the media, public opinion and industry professionals. The interest is even greater in times of crisis and uncertainty such as this, so it is vital that we have structured, objective, independent information to be able to accurately assess market risks and opportunities.
Our report on the Spanish residential sector is intended to provide the maximum possible information on the current situation of the housing market—supply and demand, mortgage financing, rental trends and demographics—in fine detail and with particular focus on the major markets of Madrid, Barcelona, Valencia, Malaga and Seville.
This report stands out for the huge amount of information it brings together in a condensed and structured form and for the expert opinions it provides on current developments and future trends in particular markets.
We aim to set a new standard for analysis of the residential sector in Spain, while providing a tool that will be as useful as possible to developers, investors and lenders. We have zoomed into the main markets without losing sight of the big picture of the impact of the current crisis.
The residential sector in Spain
IN-DEPTH ANALYSIS WITH EXPERT INSIGHT FROM THE COLLIERS TEAM
CONTEXTO MACROECONOMICO
La caída del turismo, la reducción de la producción industrial, la disminución del consumo y el aumento del paro son algunos de los efectos inmediatos que ha provocado la crisis económica originada por el COVID-19. Todos los países se ven afectados y España de forma especial.
ANÁLISIS DE LA DEMANDA
La crisis económica derivada de la pandemia provocará una contracción significativa de la demanda de vivienda, mucho más acentuada en la vivienda de segunda mano que en la de obra nueva. En 2021 la demanda podría contraerse un XX% respecto a 2019.
PRECIOS DE LA VIVIENDA
Tanto en segunda mano como en obra nueva los precios del mercado implican una tasa de esfuerzo para el acceso a la vivienda que se sitúa en el 30% de media para los distintos modelos de familia analizados.
ALQUILER: BUILD TO RENT
Mercado en alquiler en continua expansión. Madrid, Barcelona y sus áreas metropolitanas, las zonas más demandadas y el Build to Rent, como modelo de desarrollo se revela como la gran oportunidad del sector residencial.
TOP 5 LOCATIONS
Analizamos al máximo nivel del detalle el comportamiento de los 5 mercados Top del residencial, desde el nivel provincial y descendiendo hasta la realidad de cada distrito: Madrid, Barcelona, Valencia, Málaga y Sevilla.
MACROECONOMIC BACKDROP
A drop in tourism, a decline in industrial production, a fall in consumption and a rise in unemployment: these are just some of the more immediate effects of the Covid-19 economic crisis. All countries have been affected and Spain more than most.
DEMAND ANALYSIS
The economic crisis resulting from the pandemic will bring a significant contraction in housing demand. The contraction will be much more pronounced in the second-hand market than in new-build. Demand could contract by XX% in 2021 compared to 2019.
HOUSE PRICES
Housing costs as a share of disposable income, for both second-hand and new-build properties, average around 30% for the different types of household studied.
RENTAL: BUILD-TO-RENT
The rental market is steadily expanding. Demand is highest in Madrid and Barcelona and their metropolitan areas, and the build-to-rent business model has emerged as a big opportunity for the residential sector.
TOP 5 LOCATIONS
We have analysed the behaviour of the top five residential markets in the greatest possible detail, from the province level down to individual neighbourhoods: Madrid, Barcelona, Valencia, Malaga and Seville.
