Spain Residential Real Estate Market Size, Share, Competitive Landscape and Trend Analysis Report, by Budget and Size : Global Opportunity Analysis and Industry Forecast, 2020-2027

Spain Residential Real Estate Market Outlook - 2027

The Spain residential real estate market was valued at $128.3 billion in 2018, and is expected to reach $149.9 billion by 2027, registering a CAGR of 8.0% from 2020 to 2027. The market includes buying and selling of residential properties such as flats, bungalows, and villas.

The Spain residential real estate market was mainly driven by increase in foreign investments. The favorable governmental policies, tourism, and development in industrialization has led to investments in Spain’s real estate market by the foreigners. In addition, tremendous hike in rents of residential properties majorly in cities like Madrid and Barcelona led to good return on investment, which led the buyers with decent income to invest in residential real estate market of Spain. However, due to increase in demand there was excess construction of residential properties that exceeded the demand in the market. This is expected to restrain the market in the past few years. In addition, during the outburst of COVID-19 the hotel and tourism industry was majorly affected. In addition, there were several restrictions implemented for working in offices. Construction activities were also stopped or restricted to an extent. Several manufacturing, transportation and their supply chains were hampered on a global level. This has led to lowering the number of transaction of deals occurring in Spain’s residential real estate market. On the contrary, the builders, contractors, and real estate agents have approached the government to waive off or reduce the taxes that are charged on registrations and documentation while buying and selling the properties. This will help in reviving the losses occurred in the market due to COVID-19.

Spain Residential Real Estate Market Dynamics

The Spain residential real estate market is segmented into budget and size. On the basis of budget, the market is divided into less than $300,000, $300,001–$700,000, $700,001–$1,000,000, $1,000,001–$2,000,000, and more than $2,000,000. Depending on size, it is classified into less than 49 square meters, 50–80 square meters, 81–110 square meters, 111–200 square meters, and more than 200 square meters.

By budget, in 2018, the less than $300,000 segment dominated the market in terms of revenue and the more than $2,000,000 segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of size, more than 200 square meters segment led the market in 2018, in terms of revenue and the less than 49 square meters segment is anticipated to register the highest CAGR during the forecast period.

Competition analysis

The major players profiled in the Spain residential real estate market include ACS Group, FCC, GG Homes, GH Costa Blanca, Hamilton Leon, Housfy, Miralbo Urbana, Molina Toro SL, Sitara Master Builders, and Triton Levante.

The major companies have adopted strategies such as agreement and partnership to offer better services, owing to rise in opportunities in the Spain residential real estate market. For instance, in April 2020, Hochtief subsidiary of ACS Group entered into partnership with Darmstadt Technical University to focus on R&D on artificial intelligence in the construction sector. Similarly, in December 2018, Housfy and Tinsa, both real estate dealers, sign an agreement to offer digital home valuation service. It will be an automatic tool and will help for better marketing of the real estate properties.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging Spain residential real estate market trends and dynamics. 
• In-depth Spain residential real estate market analysis is conducted by estimations for the key segments between 2020 and 2027. 
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
• The market forecast analysis from 2020 to 2027 is included in the report.
• The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

  Spain Residential Real Estate Market Report Highlights

Aspects	Details
By BUDGET	Less than $300,000 $300,001-$700,000 $700,001-$1,000,000 $1,000,001-$2,000,000 More than $2,000,000
By SIZE	.Less than 49 square meter 50 to 80 square meter 81 to 110 square meter 111 to 200 square meter More than 200 square meter
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Triton Levante, Housfy, FCC, ACS Group, Miralbo Urbana, .Molina Toro SL, GH Costa Blanca, Sitara Master Builders, Hamilton Leon, GG HOME

Analyst Review

Rise in tourism and good returns on investment in residential real estate market is expected to increase. Moreover, factors like concession in taxes charged on documentation and favorable regulations for the foreign investors to invest are anticipated to boost the Spanish residential real estate market. The Spain residential real estate market was valued at $128.3 billion in 2018, and is expected to reach $149.9 billion by 2027, registering a CAGR of 8.0% from 2020 to 2027.

However, excess construction activities have led to supply and demand gap in the Spain residential real estate market. On the contrary, re-establishment of tourism industry and other manufacturing industries post COVID-19 pandemic will further boost the Spain’s residential real estate market.

In order to expand the portfolio and expand offerings to the customers, the companies operating in the market have adopted strategies such as agreement and product launch; thus, driving the growth of the market.

 

Author Name(s) : Digvijay Pawar & Rohit Sawant | Sonia Mutreja

Related Tags

• Real Estate
• Construction
• Roperty
• Esidential

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