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House Prices Will Fall by 5% Until 2022

We will have to wait until at least 2023 to see prices return to their 2019 levels, according to the forecasts made by Euroval and the Institute of Real Estate Analysis (INSTAI).

Image by Simone Hutsch.

The recovery of the Spanish residential market following the Covid-19 crisis will take several years. Those are the findings of a report compiled by the appraisal company Euroval and the Institute of Real Estate Analysis (INSTAI) to which Brainsre.news has had exclusive access. It predicts that we will have to wait until at least 2023 to see prices return to their 2019 levels.

The impact of the pandemic on the reversal of the economy is affecting all sectors and the real estate sector is no exception. The upward trend in prices in the Spanish residential market, which was already beginning to slow down in 2019, has been stopped in its tracks. After five years of continuous rises, house prices are now starting to fall.

Read the full article in Spanish.

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