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donpiso: Housing Prices to Fall by up to 10% in 2020

Average housing prices in Spain will fall by between 8% and 10% this year due to the coronavirus pandemic, while transactions will fall by 25%, according to the real estate website donpiso.

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The average price of housing in Spain will fall by between 8% and 10% in 2020 due to the crisis caused by the Covid-19 pandemic, according to a study by the real estate website donpiso, which also predicts a year-on-year fall of up to 25% in the number home sales in the country by the end of the year.

According to the real estate group, the decline in demand will mainly affect the medium-low price segment. Likewise, second homes and holiday homes are also suffering from a notable drop in demand, with a significant drop in international investment in the Spanish residential market.

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