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Demand for New Housing Increasing Compared to Existing Homes

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The demand for housing continues at a good pace, especially new housing. According to a report by CaixaBank, sales of this type of housing were 10.6% higher between January and May than in 2019. The quantity of buyers after a new home compared to an exiting one rose by 1.2 points to 21.1%. Demand for second-hand homes fell by 2.3% compared to the same period in 2019.

The report explains that the increase in sales is due to a demand for replacement of first homes corresponds to segments of the adult population, due to the greater impact of the crisis on young people and workers with temporary contracts and low income.

In contrast, demand for second homes fell by 8.9% in the first quarter of the year. This negative percentage increases for foreigners, down 21.4%.

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