In this scenario, the consensus foresees an average increase in the price of housing at a national level of between 3% and 4%, compared to the rebound of 4.5% recorded in 2019 and 5.4% in 2018. However , experts also insist that the evolution will depend on the demand in each area.
Madrid has displaced Barcelona as the most stressed real estate market in Spain, with rising housing prices in property and unparalleled rent in other capitals, according to the study "Perspectives of the housing market" conducted by Professor Josep Oliver, Professor of Applied Economics at the UAB, and the Anticipa real estate agency, which is presented today at the Barcelona Meeting Point (BMP).
Oliver explains that although the real estate recovery began earlier in Barcelona, and with more force, in the last two years Madrid has taken over and prices rise more intensely and have more upward travel.
Thus, the study foresees a rise in property prices of 6.5% and 6% in Catalonia this year and next year and 7% and 6.5% in Madrid, where prices will be in 2020 already 0.6% above the maximum of the 2008 bubble, while in Barcelona they will still be 13.6% below. Regarding rent, the study foresees that rents will grow in the metropolitan area of Madrid at rates of around 10% per year until 2020, while for the Barcelona area the study foresees annual increases at rates around 7%.
The study foresees that the increase in the property prices in Spain as a whole will continue, 5.5% this year and 4.9% in 2020, and that sales will continue to increase although at a slower pace. The CEO of Anticipa, Eduard Mendiluce, said that the "housing market continues to maintain strong fundamentals" and described the slowdown as "an adaptation of the market against the constant growth of the last 17 quarters." In Oliver's view, the stability of the Spanish economy, low interest rates and expectations that they will not rise, oil containment, low inflation with stronger wage increases and job growth allow us to anticipate that the market Real estate will remain strong.