Discover in this article, the trends in the Spanish real estate market for 2024, access to credit, the rental market, etc.

Strong foreign demand despite difficulties in accessing credit

The Spanish real estate market is experiencing a slight slowdown due to difficulties in accessing bank credit, similar to those encountered in France. However, foreign demand remains very strong, particularly since the Covid crisis. Around 700,000 transactions were carried out in 2022, of which around 8.3% were French. The British and Germans are also very present on the Spanish real estate market.

Rising property prices

Property prices in Spain increased by 7% in 2023. This upward trend is particularly noticeable in tourist areas such as :

• The Costa Brava (including the towns ofEmpuriabrava and Rosas)
• The Costa del Sol
• Alicante
• Andalusia

These regions attract many foreign investors who want to take advantage of Spain's quality of life and pleasant climate. Rising prices are also affecting farmland, with an increase of 5% per year, attracting more and more investors.

Spanish government tackles housing challenges

Faced with these challenges, the Spanish government has established an interministerial committee tasked with proposing policies to improve housing for public sector employees. Compromising representatives from the Ministry of Housing, Transformation and the Civil Service. Its main tasks include :

• Improving access to housing for civil servants
• Supporting public sector real estate projects
• Regulating the real estate market to preserve housing affordability for all

Concrete measures to promote access to housing

To encourage access to housing for all categories of the population, the Spanish government has set up several schemes:

1. Financial assistance for first-time buyers: these subsidies provide financial support for people wishing to purchase their first property;
2. Rent control: this measure aims to limit excessive rent increases in certain tense areas;
3. Social housing construction: to meet growing demand, the Spanish government is investing in the construction of affordable housing.

Future prospects

The Spanish real estate market is expected to continue to expand in the coming years, driven by growing interest from foreign investors and the country's economic recovery. However, it remains essential that the public authorities implement effective measures to guarantee access to housing for the entire population.

A dynamic and attractive real estate market

Spain has a dynamic and attractive real estate market, offering a multitude of opportunities for local and international investors. Factors contributing to the success of the Spanish real estate market include:

• The diversity of available properties (apartments, villas, farmland)
• A favorable climate and quality of life
• Proximity to other European countries
• Economic and professional opportunities in the country

In conclusion, the Spanish real estate market is enjoying sustained growth, despite some difficulties in accessing credit. Foreign demand remains very strong in Spain, which remains an ideal country for real estate investment.