Housing has strengthened in recent months as one of the great investment safe havens in Spain in a context of uncertainty and instability in the financial markets. According to a study by the real estate investment technology platform Inviertis, so far this year, real estate investors have grown by 10% due to inflation and the war in Ukraine, including both domestic and foreign investors. This is the Spanish real estate outlook 2022 for what is left of the year, according to Inviertis.
Despite the current economic context in Spain and across Europe, the company states that "housing purchase, sale and rental operations in Spain continue to close normally due to the needs of demand and the acceleration of operations due to inflation and the rise in interest rates".
A document released by Inviertis stresses that, "the instability of the markets, which is not expected to improve in the coming months, is an opportunity for investors seeking peace of mind and stable returns". And it adds that to this appetite of investors "is added the interest of Spanish families in buying a residence due to the imminent rise in prices and interest rates, factors that have opened a 'window of opportunity' to acquire in better conditions. In fact, residential real estate will be the segment that will attract the most interest in terms of both investment volume and number of transactions". This is also the case for expats planning on moving abroad, who consider that Spanish property is a good investment in 2022 and that it is currently worth investing in real estate in Spain.
The platform assures that there is currently a high volume of investors with liquidity in the market who are looking to invest their capital by buying real estate assets as a safe haven, in the absence of other options in the stock or energy markets. All indications therefore show that investor appetite for real estate in Spain will remain high.
"We are in an incredibly fast-moving macroeconomic environment. Nobody would have said in January what we had ahead of us. If inflation continues to rise along with interest rates and liquidity remains, the market will hold up. But if one of these parameters changes, we will be facing a fall in demand that will affect prices, although not investor appetite," say the experts at Inviertis.
For the time being, their forecast is that demand will continue to rise until the end of the year. By then, the platform believes that there could be a halt in the sale and purchase of homes and in the escalation of prices, in line with what is expected by other agencies such as AFI or Bankinter. However, it rules out the possibility of a fall comparable to that suffered during the 2008 crisis.