Spanish Portals Get Busy with Market Insights

September 2, 2020
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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.

September 2, 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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