The main conclusion of the report prepared by Servihabitat Trends entitled ‘The Local Residential & Investor Market. Implications of Covid-19” is that the Spanish real estate market is “much more robust and healthy than it was during previous crisis periods such as 2008. Moreover, it is strengthening its position as a safe asset for investors, since it will withstand well” the strong impact of the health crisis.
Even so, following a growth rate of 3.2% in the first quarter, the servicer forecasts that house prices will have decreased by -5.7% by the end of the year although it also expects them to begin to recover gradually in 2021, with percentages of -3.3%.
Read the full article in Spanish.