Idealista Published 15% Less Listings in Q4 2024

Idealista says it experienced the biggest drop in listings volume in its history in the final three months of 2024.

In a press release published last week, the Spanish market leader said 11 cities are at historic lows in terms of supply volume, while listings volumes in Madrid (down 29%) and Barcelona (down 23%) endured significant hits.

In an almost incredible turnaround, only the province of Caceres (1% increase) and the capital of Girona (5%) listed more properties in Q4 2024 compared to the same period in 2023. Every other capital and province listed fewer properties, ranging from slight decreases of -3% YoY in Jaén, Zamora and Alicante to a massive 40% reduction in Zaragoza.

Francisco Iñareta, a spokesperson for idealista, said:

"The strong buying rally recorded during the second half of 2024 has resulted in the largest drop in supply ever seen in our country and many markets are at minimum stock levels. With a horizon of low rates, it seems difficult for demand to relax in the coming months, which will cause even greater tensions on prices.

"Despite the political effort announced by institutions and parties to accelerate the promotion of new homes, the reality of the market shows that the tension on prices will continue at least for the next few years, as long as sufficient supply is not provided to the market in those areas with greater demand."

Idealista is the undisputed market-leading real estate portal in Spain and Portugal, and was acquired by Cinven for €2.9 billion in June 2024.