Thursday, January 28, 2021
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Spain’s Property Developers Will Build More Than Half a Million New Homes by 2025

Madrid and Barcelona will account for more than a third of the future residential projects in Spain, and although the build-to-rent segment is growing, it will account for just 10% of the supply, according to E&Y.

The uncertainty generated by the pandemic has not prevented developers from continuing to push ahead with a volume of new build developments that will exceed half a million homes by 2025, including properties for sale and rent.

Specifically, 504,000 units are planned, of which 5.4% will be for rent, according to a report prepared by the professional services firm EY. The report also certifies that investment in the residential sector is still very popular in Spain.

Read the full article in Spanish.

B-Exclusives

Where and When Will the Most New-Build Homes Be Handed Over in 2021?

In total, property developers and cooperatives are planning to complete 71,825 new-build homes during 2021, spread over 3,342 developments, according to Brainsre, of which almost 15,000 will be located in Madrid.

Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

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