Trends in the real-estate market during the third quarter of 2022

N. 15 - September 2022

Highlights of the quarter: July - September 2022

Gloval publishes its latest issue of the Gtrends Report for June 2022. Here are the highlights. You can download the full report from this link:

– Regarding the macro environment, the outlook for Spain’s GDP is downgraded and general economic conditions are tightening.

– In the residential segment, the conditions for accessing a mortgage are also tightening.

– In the logistics segment , we see how yields may be in a process of some decompression.

– As for retail , it continues to maintain high yields in the most exclusive areas of the major cities and the hotel industry remains the king in terms of post-pandemic recovery.

Real GDP and Appraised Value of Unsubsidised Housing.

PIB Real y Valor Tasado Vivienda Libre.
Gráfico 1: PIB Real y Valor Tasado Vivienda Libre. (variación a/a 2007 – avance II Trim. 2022).

Lending for construction and the real-estate sector. Evolution

The report also highlights other issues related to the sector, such as the analysis of lending for construction and real estate activity and mortgage lending to households in our country in recent years. And it delves into the concept of the repositioning of real estate assets: those assets already built that do not adapt will enter into functional and operational obsolescence and will have to be repositioned, transformed into a useful and functional asset for current uses and with growing demand.

Crédito con garantía inmobiliaria
Gráfico 2: Crédito con garantía inmobiliaria. S. Construcción e inmobiliario. Evolución

Crédito hipotecario a hogares para adquisición de vivienda
Gráfico 3: Crédito hipotecario a hogares para adquisición de vivienda. Evolución

Gloval’s Outlook

The experts of Gloval’s research team also explain in ‘Gloval’s outlook’ their perspective far from excessive pessimism or positivism. Focused on the current professionalism of the sector and its ability to manage to cope with whatever the future holds.

The Gloval Group’s Digital Department

Finally, this issue highlights the activity of the The Gloval Group’s Digital Department where it is emphasized that the digital transformation of companies in the real estate sector is no longer an option but a necessity and Gloval is aware of this, which is why it has incorporated digitization as a first-order strategy seen as a continuous process and not a one-off event.

You may also see our previous GTrends Reports and our latest GIX Report, where we analyse the main real-estate economic indicators in Spain.

Fill in this form by clicking on the download button and we’ll send you the GTrends Report Num. 15:

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