In recent months, the country’s real estate market has not been performing as one might expect, in the sense that house prices are not receding as sales decline.
- Types of files Downloads:
- Files
Félix Lores
Principal Economist
Madrid
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
Going forward, the real estate market will be exposed to factors that will put negative pressure on demand. For example, interest rates are expected to continue rising and the 12-month Euribor is expected to stabilize above 4% and remain there for much of 2023 and 2024.
- Types of files Downloads:
- Files
Housing sales will slow in 2023 due to slower economic growth, rising interest rates and a reduction in savings accumulated in the pandemic. The shortage of supply will make the contraction of permits less intense and the price will remain stagnant. In 2024, growth will return to the sector
- Types of files Downloads:
- Files