Spanish Portal Data Reveals Falling Prices and Increased Activity in the Housing Market

Spanish market-leading portal idealista has released figures for house prices for May with the headline being a 1.3% fall across the country. Meanwhile, rival portal pisos.com has also released its own data around the ‘confinement effect’ and the changes seen in Spaniards' housing preferences and inclination to move home. 

According to the survey carried out by pisos.com, 44% of Spaniards are not happy with their current home and a massive 68% plan to move when the government restrictions end with 67% of this demand coming from the sales sector.

60% of survey respondents also said that the lockdown period had made them realise that their home was missing something with 34% saying their home needed a terrace and 19% saying their home needed a garden.

It seems that far from sending the housing market into hibernation as the global economy shudders from the effects of Covid-19, the pandemic has made people realise that their home is a priority. It will be interesting to see if the expressed intentions of survey respondents play out as and when lockdown restrictions are fully removed in Spain in the coming weeks.