Idealista Report Shows Link Between Local Infection Rates and House Prices

June 14, 2020
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A report released today by Spanish portal idealista has shown that house prices have suffered in the Spanish regions with greater Covid-19 infection rates. Regions such as Murcia, Andalucia and the Balearic Islands which have had relatively low infection rates are seeing house prices rise whereas Madrid, Navarra and Castilla & Leon, where infections have been greater, are seeing falling prices.

Idealista Bloomberg Data Infection Rate House Prices

 

The research team at the Spanish market-leader consulted experts at Bloomberg as well as academics to analyse the latest figures and the prognosis was not great. According to Gonzalo Bernardos, an economics professor at Barcelona University:

“By year-end, prices will have dropped by 12%, because this is maybe the sharpest economic crisis we’ve had.”

June 14, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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