Economic and Real-Estate Indicators Num. 19

Here is the 19th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

The strain on supply continued in the Spanish economy and main European economies in May, with growing inflation mostly driven by energy and staple foodstuff prices. If things don’t change, this will continue throughout 2022, reducing the growth estimates for the Spanish economy to around 4.0% in real terms. In fact, Spain comes third growth-wise in Europe, after Ireland and Portugal.

As for the real-estate activity, the interest rate trend that the financial markets have been discounting for a few months is likely to translate into a direct order by the ECB by the end of year, which may affect existing or future mortgage loans, especially variable rate ones, but not too significantly. As for the rest, the sector remains strong in the residential segment, especially rentals, and the commercial real estate segment.

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 June 2022 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