With barely a month left until the end of the year, the Spanish property sector continues to record very positive figures despite uncertainty generated by inflation, the rise in interest rates, and the measures adopted by the Government to manage the market and a Housing Law yet to be approved.
In this sense, property investment has grown by 10% in Spain this year. The provinces of Barcelona, Madrid, Malaga, Valencia, Seville, Murcia, Girona, and the Balearic Islands stand out as the regions with the most dynamic property investment markets. These are figures from Inviertis’ latest report, a property investment technology platform.
Added to this trend is the interest of Spanish families in buying a home this year, especially during the first half, due to the rise in prices and interest rates, factors that opened a ‘window of opportunity’ to buy under better conditions, just before the rise, and accelerated the decision to buy a home. In fact, residential is the property segment that has attracted the most interest in terms of both investment volume and number of transactions, and already yields an average annual return over 4.5%.
Vicenç Hernández Reche, Tecnotramit’s CEO, considers ‘despite the macroeconomic scenario we are experiencing, the property market has continued to show great resilience and has always been able to find alternatives to move forward within parameters of stability. As a matter of fact, the rest of the economic sectors that could be an alternative to property investment have been more volatile and have seen uncertain returns, which is why there is still natural propensity to establish property as a safe haven segment,’ explains Hernández Reche.