The real estate market in Spain continues to grow and, according to the CaixaBank Research report, it is predicted that in 2025 there will be around 650,000 home sales and purchases. In addition, real estate prices could increase by 7,2%As we have already said in this news itemconsolidating an upward trend in the sector. This forecast reflects a gradual recovery of the real estate market after a period of stabilisation in previous years.
A constantly growing market
The study indicates that demand remains high, driven by the economic recovery, access to credit and the stability of the mortgage market. This growth is also reflected in the forecast increase in tax revenue from real estate transactions.
According to official data, it is expected that autonomous communities such as Madrid and Andalusia lead the increase in the collection of taxes associated with the sale and purchase of homes, with estimated increases of 40% and 33% respectively. In total, the collection of taxes related to the sector could grow by 25%reaching 6 billion euros in 2025.
Despite current interest rates, which remain a key factor in buying decisions, experts expect investor appetite in the real estate market to continue to strengthen. Buyer confidence and the stabilisation of the financial markets are allowing sales and purchase transactions to continue to rise.
Factors driving up prices
The CaixaBank report highlights some key factors that are influencing the rise in prices:
- High demand for second-hand housing in prime locations.
- Shortage of new supplyThis puts upward pressure on existing property prices.
- Growth of the rental marketThe sale value of real estate is also influenced by this.
- Interest from foreign investorsespecially in areas of high tourist value and in cities with a high demand for luxury housing.
- Increased construction costThe project is being carried out by the Ministry of Labour, due to inflation in materials and the lack of skilled labour.
According to experts, the lack of new developments and the increasing difficulty in accessing developable land have led many transactions to focus on second-hand housing. In addition, the boom in purchases by foreign investors has generated greater competition in the market, driving up prices in the most sought-after areas.
Prospects for the real estate sector in 2025
Forecasts indicate that the real estate market will continue to consolidate in 2025The volume of trading was similar to that seen in the years prior to the pandemic. However, market developments will largely depend on the monetary policy of the European Central Bank and the evolution of the macroeconomic environment.
Another key factor will be the regulation of the rental market. In recent years, the growth in rental prices has led many cities to impose stricter regulations to control abusive increases. Depending on how these regulations evolve, there could be an impact on real estate investment and demand for home purchases.
For buyers and investors, the coming year could represent a strategic opportunity to acquire properties before further price rises. In this scenario, the role of specialised real estate agents will be key in advising those looking to invest in the sector.
In addition, the luxury real estate market will continue to be a segment of great interest. Premium areas in cities such as Madrid, Barcelona, Valencia and the Costa del Sol will continue to attract high net worth investors, which could lead to even more pronounced price growth in these exclusive locations.
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