Searcher
Félix Lores
Félix Lores
BBVA Research - Principal Economist

Félix Lores has been an economist with BBVA Research since 2010, focusing on analysing the real estate market. He also forms part of the team involved in analysing the financial and non-financial accounts of the institutional sectors of the Spanish economy.

Prior to this, he was an economist at Analistas Financieros Internacionales (AFI), working as a real estate market analyst in the Applied and Territorial Economics department, where he was responsible for, among other projects, the City Council of Madrid Housing Observatory.  For almost 2 years he was a network coordinator and residential market analyst with the Public Leasing Company.

He graduated in Economics from the Complutense University of Madrid (2001), specialising in economic analysis, and has a Masters in Economics and Finance (2003) from the Centre for Monetary and Financial Studies.

Latest publications

Since 2021 housing starts have been lower than homes created. Factors that could limit housing supply include a shortage of land ready to start new developments, regulatory uncertainty and labor shortages. Measures are needed to boost residential construction and rental supply.
At the end of 2022, the outlook for the residential sector was bleak. It was assumed that house sales and house prices would contract in 2023. Sales fell, but prices rose.. By 2024, the sector is expected to go from strength to strength and to consolidate a change in trend as 2025 approaches.
Labor shortage is one of the factors limiting housing production. The available information indicates that workers employed in construction age faster than average and have less education. Attracting talent is essential to ensure generational replacement.