What will the housing market be like in 2022?
In 2022 more houses will continue to be sold, rental prices will increase but very slightly, new construction will be the main protagonist and we are faced with the challenges of the Housing Act and sustainability.
The year 2021 will be remembered as the year of the great transformation of the real estate market, in which countless social and legislative changes have converged that represent the greatest modification of the sector in at least the last five years as a decrease in rental prices in Spain and the sales market that has reconquered the sector in the face of the crisis of the Covid.
Since the Covid the preferences and needs of the citizens in housing have changed due to the enclosure, generating a strong demand for the purchase of housing because they are looking for space and a greater quality of life
By the end of the year we could see more than 510,000 transactions in housing purchases, recalling the 2008 housing boom at similar levels. Investment broke a record in the second half of the year.
Experts agree that house purchase prices in 2022 will not rise excessively.
Although it should also be appreciated that this upturn in purchases has been made possible by the mortgage conditions we have seen throughout the year from the banking sector. Interest rates on loans and mortgages have been at historically low levels as falling prices have stimulated sales.
Almost 400,000 mortgages were granted this year.
All experts agree that the new housing law, with its resulting legal uncertainty and price caps in stressed areas, will mark a 2022 convulsion in the rental market. According to the analysis of María Matos, Fotocasa spokesperson and director of studies, on the rental market for 2022 in. Barcelona , taking into account the end of the year, we could see a drop in rental prices nationwide between -4% and -5% year on year.
Looking ahead to 2022 The property sector forecast is very favourable.
It will be appropriate and healthy for the residential market price to remain stable.
Young people are the biggest challenge facing the sector.
The government will therefore provide "housing vouchers for young people" worth 250 euros per month for people aged between 18 and 35, with an income from work and an annual income of less than 23,725 euros.
Improving its relationship with housing will support the building of a better future.
There is a great opportunity in terms of energy efficiency and sustainability.
2 out of 10 Spaniards opt for new construction housing.
In 2021 there has already been a clear commitment to a more efficient housing market
2030 will have the challenge of taking advantage of these European aids for the necessary rehabilitation of our housing stock: more new housing and more green places in Barcelona