Trends in the real-estate market during the first quarter of 2024

The new G-Trends is now available, Gloval’s quarterly report that gathers the keys regarding the macro environment, the analysis of real estate segments and delves into certain current issues in the sector. This edition also has a new, more visual and attractive design.

You can download the full report at the following link:

With data covering the period from 2012 to 2023, the segment that has experienced the greatest average variation has been retail commercial premises and offices with a cumulative rate of 6%, followed by industrial warehouses with 5%. On the other hand, tenure since 2012 for warehouses and premises has been increasing until 2019, with a dip in the pandemic year and continuing to rise until 2023. For offices and others the line although positive, less sloping; similar figures to those recorded in 2018-19.

However, if we look at the year-on-year variations produced each year, we can observe tighter movements, where despite showing growth in absolute values until the year of the Pandemic, it can be seen in the graph that from 2016 to 2020, the trend is downward in annual rates, practically similar in all the non-residential real estate segments.

Fortunately, market sentiment on the real estate market is moving in a positive direction. However, this sentiment, which is also backed by strong demand in the residential market, is not being matched by the necessary supply. And this supply problem, unfortunately, is not a short-term one. It is becoming more of a structural problem.

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