Here is the 34th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

The economic situation as seen through Gloval’s GIX in August maintains the trend of certain uncertainty for the short-medium term in a significant number of records, especially those most closely related to the movement of interest rates, although it should be noted that opinion indicators such as Consumer Confidence, Retail Trade and the Services PMI do not reflect negative trends.

In the case of housing and its relationship with mortgages, they do reflect certain changes in direction. Thus, for example, the “theoretical effort to access housing”, the gross amount of installments to be paid by households to acquire a home has gone from 29.30% in December 2019 to 38.20% in March 2023 and is expected to increase. In relation to the previous indicator, “the number of years destined to the payment of the mortgage” has increased from 6.81 years in December 2019 to 7.71 years in March of the current fiscal year, which means an increase of almost 11 months.

The +50 real-estate economic indicators analysed include:

• GDP
• Consumer Spending
• Capital Investment
• Exports
• Imports
• Industry
• Investment in Construction
• Investment in Housing
• Investment in Other Buildings and Constructions
• Other

• Unemployment in Construction
• Housing Stock
• New Build Stock
• Appraised Value of Unsubsidised Housing (€/m2)
• Land Sales
• House Sales
• Yearly Theoretical Effort for Housing Affordability (years)
• Houses Started
• Gross Return on Public Procurement Rentals
• Other

Download below the Gix Report for September 2023 and find out the details and trends in economic data and the building and real-estate sector. You can also see the previous GIX Reports