House prices rebound quickly according to idealista
Spanish market-leading portal idealista for its part has published its image of the day which shows the dramatic and short-lived effect of the coronavirus on national house prices. Following a steady rise from a nadir of €1,496 per square meter at the time of crisis in Spain towards the end of 2016, house prices in the country rose steadily to reach €1,762 at the end of 2019 before a sudden drop to €1,650 in June as the market reacted to the onset of the pandemic in March. What is interesting is that in the space of a couple of months the price has risen to stand at €1,735 in August, showing the resilience of the market and the apparently ephemeral nature of the effect of lockdown on prices.
Habitaclia reports trends in what home-hunters search for
According to Adevinta owned portal Habitaclia, a recent study showed that the demand for an extra room to work from home in had doubled among 25-40 year-olds in the country during the national lockdown. Other trends reported by the Barcelona based portal company include a 23% rise in interest in properties with a terrace or garden and a 27% increase in demand for properties with a pool.
fotocasa shows just how much renters have suffered in Spain in the last 5 years
According to a study released by another Spanish Adevinta portal, fotocasa, rental prices have risen by 52% nationally since 2015 with renters in Valencia and Barcelona suffering the worst of rises (68% and 60% rises respectively). While there is anecdotal evidence that the situation may be improving in some Spanish cities, the report does highlight the scarcity of adequate rental properties on the market.