Price Living The economic environment of the ‘right storm’ cannot be stopped. If last year’s prices grew at a rate of 5.8% to year, forecasts say that by 2025, forecasts will accelerate. In particular, BPVA researchers assess it This year will be 7.3% and will be 5.3% in 2026. What consumption prices (and wages) are expected to increase in both of those exercises.
This is reflected in the Housing Lab of May, which spread the BPVA research, the central BPVA research. The environment where researchers are attracted to the housing are constantly expensive. On the one hand, The economy is constantly growing At a strong rate (they estimate that in 2025 it will make 2.6%) and Labor market continues to moveWith the most important weight of the diaspora in the new hiring.
The immigrant flows have promoted the growth of the Spanish population, which already contains 49.1 million people (2 million more than 2019). Priority passes because the arrival of migrant workers is serious in the coming years. They assess it on BPVE People living in Spain will reach 52 million people in 2030. It will be translated into housing needs between 1.4 and 2.1 million sites than today.
It has been added that the cost of financing the housing has been reduced for a good economic moment (despite the uncertainty of uncertainty). Uripot continues to fall until 2,134% last April. Predicts suggest that the price of mortgage is likely to fall for something else, but the descent is already significant.
To complement the accumulation of factors that retain prices, it is not enough to cover the demand for housing production produced by real estate supply. Although the new job increased by 16.7% last year, construction predictions are inadequate.
Similarly, the construction industry is in trouble in finding labor and the prices of goods have grown significantly. Two factors with high cost. For them, BPVA adds the lack of soil available, the complexity of the creation of housing, or the “regulatory uncertainty” accumulation of tourism rent or financial deficit.
Over 800,000 sales next year
Prices do not stop and home sales do not give a fight. After a short break in 2023 due to spectacular rise in interest rates, 717,600 operations (most of the secondary homes) were signed by 11.7%. PPVA’s predictions for this year are passing because sales increase and reach 780,000 homes. A number exceeding 800,000 next year.
Last year, except for the Canary Islands, sales in all communities increased. The weight of foreign buyers in the country is significant and 20% of last year’s activities. Despite the Valencian community, the Balleric Islands exceeded 30%. The main national species of buyers, in this order, British, German, Morocco and French.
The rise in prices, which does not match the wage, does not match the citizens’ bags. The salary effort (the percentage of the household salary imposed on housing) approaches 30%. The situation is very complicated in the Balleric Islands (effort more than 40%), Bask Country, Madrid, Canary Islands, Andalusia and Catalonia.
The salary effort exceeded 25% of the 10 out of 10 autonomy. 40%of the Balleric Islands exceeded.