Sunny year ahead for the Spanish real estate market

The real estate market finally exploded in 2022.

After two years of relative stasis, it made a massive recovery when the Covid restrictions came to an end.

Nearly every agent I’ve spoken to had record sales numbers last year, and most are predicting more of the same this year.

But the main problem is undoubtedly the listings. Everyone urgently needs them.

The critical shortage of property is evident in Sotogrande, where Holmes boss Ben Bateman told me less than 10% of local shares are for sale. “Unprecedented levels,” he stressed.

It is the same for Winkworth, Terra Meridiana and others.

But what is encouraging is that while some countries in Europe (the Netherlands and Scandinavia in particular) seem to have strong economic headwinds affecting their local property markets, Spain is likely to weather the storm.

Only now are prices reaching 2007 levels in many areas, and interest rates peaking, while demand remains strong from the dozens of foreign markets still aspiring to live or buy here.

Our Property Magazine did so well last year that we are increasing its number from six to eight and will publish regularly throughout the year.

We can promise a continuous stream of analysis from our specialists like Mark Stucklin and Campbell Ferguson, while Chris Fogelberg joins us from Start and our Property Insider Adam Neale and Mortgage Expert Tancrede de Pola are always on hand with up-to-date advice. .

On top of that, our more than a dozen journalists and writers will ensure you always find the most interesting and colorful stories on property and architecture from across the country.

Send me your comments to jon@theolivepress.es or contact 951 273 575.

You can read the first of the 2023 real estate magazines here.