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Real estate market is starting to feel the economic slowdown and the rise in interest rates. This context justifies a contraction in sales in 2023, despite which the level will remain high. Housing starts will stagnate in 2023 and the nominal price will grow by around 2%.

The growth trend in the real estate market continues. After the correction, between 2008 and 2014, the sector has not stopped growing in the last few years. This advance was only interrupted in 2020— the toughest stage in the COVID-19 pandemic— which is still affecting the world economy.

Since 1996, the number of homes in Spain has increased, as well as their size. This Observatory studies the contribution of different socio-demographic factors such as average household size, population growth and the number of dwellings per ho…

The advance of the sale of homes in January was not enough to recover the declines of previous months, despite the positive tone of the determinants of demand. The INE Price Index showed a slight moderation of growth in 4Q18. In addition, permi…

Residential demand continued to be supported by a good performance of the fundamentals, with mortgage financing and employment as particularly important drivers. Housing starts fell briefly in an environment of price stabilisation. Thus in 3Q15…