2018 Spanish property market forecast for 9.3% growth

In 2018, the strength of Spain’s property market will be even more evident, with home sales predicted to surpass 500,000.

The estimated numbers of properties expected to be sold in Spain in 2018 is 526,000 – a 9.3% increase on the 481,000 home sales likely to be recorded in 2017.

Next year’s anticipated growth will also usher in an average national price increase of 6.1%, which is slightly lower than the 6.9% price increases registered this year. Affordability will still be the name of the game in 2018, however, because even with the expected 6.1% price increase the average Spanish home value will still be 27% below 2007’s peak…

This data comes from Anticipa, a leading real estate analyst and provider in Spain. The firm also compared next year’s projections with last year’s (2016) performance and found a 21% increase in home sales between 2016 and 2018.

Such growth is mightily impressive, particularly against the backdrop of Spain’s property crash less than a decade ago, and the subsequent recessions and economic struggles the country has faced.

Anticipa’s 2017 analysis is based on a fourth quarter projection that would see home prices rise a further 5% in the final three months of the year.

The most exciting figure in the firm’s forecast, however, is next year’s calculation that more than 520,000 homes will be sold. This would be the first time the half-a-million threshold has been broken since 2008, and is nearly double 2013’s figure when just 285,000 homes were sold.

And although next year’s forecasted tally is still some 42% lower than 2006’s record of 900,000 home sales, it is at least built on solid foundations unlike in 2006 when the credit-fuelled boom was becoming increasingly unstable.