Real Estate

The Basque Country economy will maintain growth close to 2% over the two-year period, supported by the strength of the labor market, private consumption and investment, although the deterioration in the international environment increases uncertainty and risks to activity.

Where is the construction sector heading? Discover how the revival of civil works and the new dynamics of the rental market are reshaping housing in the country, opening key strategic opportunities amidst demanding commercial and technological challenges.

The Spanish economy continues to grow faster than the euro area, driven by strong employment, services, and domestic demand. However, structural challenges remain in productivity, investment, and housing that must be overcome to achieve real convergence with Europe.

The Valencian Community maintains high growth but faces a slowdown due to less momentum in services (both tourism and other sectors) and the gradual exhaustion of support measures following the DANA.

Construction GDP decreased by 1.0% in 2025. The mortgage market shrank by 2.9% in loan amount, explained by the decrease in banking activity and despite the growth of Infonavit.

Housing demand in Spain will remain solid driven by employment, wages, and immigration. However, the shortage of new supply will limit sales and maintain strong upward pressure on prices. Furthermore, the profitability of the construction sector remains low compared to Europe.

Las medidas geoeconómicas de EEUU como barreras comerciales, sanciones y tarifas, junto con los importantes acontecimientos geopolíticos que se han producido a lo largo del año 2025, han provocado un fuerte aumento de la incertidumbre en materia de política económica y de las medidas de aversión al riesgo a nivel mundial