Spain could reach 526,000 homes sold in 2018

Published on October 20th 2017

In Catalonia, 90,000 houses are expected to be sold, 9.8% more than in 2017

Housing transactions in Spain could reach 526,000 units in 2018, 9.3% more than the 481,000 operations planned for this year 2017 and which represent a 10.1% increase over last year, provided that to keep in line the financing conditions and the course of the Spanish economy and the euro zone. Of that total, the bulk will be replacement homes and only about 275,000 will be new homes. In addition, prices for new and second-hand homes will continue to rise 5.8% in the fourth quarter of 2017 and another 5% by the end of 2018, although they will continue to be 23% below 2007 registrations .

This is extracted from the report of Anticipa Real Estate, specialized in the real estate and loan management that belongs to the international fund Blackstone, on the housing market in Spain 2017-2019 that has presented in the Barcelona Meeting Point Hall by the hand of the counselor delegate of the firm, Eduard Mendiluce, and the professor of the Universitat Autònoma de Barcelona (UAB), Josep Oliver, whose team has prepared the report.

 

Source: El País

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