GTrends
GTrends

Trends in the real estate market in the fourth quarter of 2024

N. 24 - December 2024

Quarterly highlights: October - December 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.

Here is an introduction to some of the topics that we will be covering in this new real estate trends report fourth quarter 2024:

Balanced Scorecard - Q4 2024

cuadro-mando-gtrends-dic24

EVOLUTION OF HOUSING TRANSACTIONS BY TYPE AND NUMBER OF MORTGAGES

The sale of non-subsidised housing, measured in units, has been registering increases since 2012, except for the temporary decline in 2020 due to the pandemic. It peaked in 2022 with nearly 600,000 homes sold, according to data published by the INE. In 2023, the number of non-subsidised housing transactions fell by 10% year-on-year, as interest rates had yet to fall. They started to fall in 2024, reactivating the housing market. In fact, a 3.5% increase is projected for 2024 compared to 2023. Meanwhile, the evolution of transactions involving subsidised housing has been more erratic. Growth in this segment was most notable over the extended period from 2014 to 2019. However, excluding the pandemic year, the levels seen in 2018 were not seen again until 2023. There was then a further decline in 2023 and this is likely to continue into 2024.

 

Housing transactions by type.

Compraventa de viviendas según su estado

THE RETAIL SEGMENT OF COMMERCIAL PREMISES FOR FOOD SERVICE ACTIVITIES

Properties designated for commercial (retail) use in Spain form the foundation or infrastructure where commercial activity takes place in all its forms, whether in shopping centres, retail parks, or shops, including independent shops and the luxury retail areas that can be found in cities across the country. Spain, known for its bar culture and social dining scene, also attracts tourists who significantly spend in the retail and restaurant sectors.

 

Food service sector companies.

Empresas sector restauración

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

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