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S&P Forecasts a Moderate Rise in House Prices in Spain in 2021, With a “Sprint” of 4.3% in 2022

Home purchase intentions are at their highest level since 2003, but the ratings agency warns of overvaluations.

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The credit rating agency Standard & Poor’s (S&P) has released its forecast for house prices in Europe. For Spain, its predictions contradict the forecasts of price decreases made by other organisations given that it expects house prices to grow by 1.4% this year, before accelerating to 4.3% in 2022 and moderating to 3.6% in 2023.

For Europe as a whole, the ratings agency forecasts moderate increases in house prices during 2021, with house price decreases expected only in the United Kingdom (-2.3%) and Italy (-0.5%).

Read the full article in Spanish.


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