Economic and Real-Estate Indicators Num. 29

Here is the 29th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

With the Spanish Statistical Office (INE) still to publish data for the first quarter of 2023, everything points to a slight weakening in demand, both in private consumption and investment.

SThe ECB continues to raise interest rates in order to halt the rise in prices, although there is little it can do when food and processed goods continue to drive up the CPI. On a less negative note, the service prices component is lower.

The consumer confidence index reflects three months of continuous decline, although it is still at levels above neutral (50) and car registrations have increased in February, probably due to the arrival of Easter movements.

The real-estate sector is in a similar position to the previous month, although the publication of statistics is very late. Cement consumption fell by 7.1% in February and registered unemployment in construction fell by 2,500 people compared to January.

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 April 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