Institute of Real Estate Valuations
Source: Cadena SER, December 25, 2024
In 2024, the European Central Bank lowered interest rates, leading to a decrease in the Euribor and, consequently, in the cost of mortgages in Spain. The drop in interest rates on new mortgages in the country (0.74 points) exceeds the European average (0.49 points).
Source: El País, December 22, 2024
Home sales in October 2024 increased by 51.3% year-on-year, reaching figures similar to those of the 2007 real estate bubble. Both new homes (+83.4%) and previously owned homes (+43.6%) have contributed to the market growth.
Source: Cadena SER, December 20, 2024
In October 2024, signed mortgages reached record figures with 51,535 operations — a 60.8% year-on-year increase and the highest levels since 2010. This reflects strong momentum in the mortgage market.
Source: El País, December 21, 2024
According to forecasts for 2025, home purchase prices could increase by between 4% and 10%, while rental prices are expected to rise by over 7%, reflecting the ongoing real estate crisis.
Source: Cadena SER, December 24, 2024
In response to the rising housing prices in Málaga, economists propose releasing more land for development. Although the region’s economic growth is positive, high unemployment (17%) affects citizens’ purchasing power.
Source: Idealista, 2024
Over the past 12 months, housing prices in Spain have risen by 11.4%, while over the past three years they have accumulated a 26.4% increase, according to recent reports.
Source: Bankinter, 2024
Bankinter forecasts that housing prices will continue to rise in 2024 (+8%) and in 2025 (+5%), outpacing inflation, due to high demand and favorable conditions in the real estate market.
Source: Sociedad de Tasación, 2024
The report shows a sustained increase in housing prices in Spain throughout 2024, driven by renewed optimism in the real estate sector following the European Central Bank’s interest rate cuts.
