The Spanish Association of Real Estate Personal Shopper (AEPSI) forecasts that house prices will contract by 10% on average in Spain this year. In large cities, such as Madrid, Barcelona, Bilbao, Sevilla, Malaga, Valencia and Palma, it expects that drop to be somewhat lower, between 5% and 7%.
In this context, the market has become dominated by buyers, especially those with liquidity at the moment. Domestic buyers will continue to be the protagonists, but foreign investors, mostly from outside the EU, are also analysing the supply at this time in search of good investment opportunities.
