Expected ROI of residential ESS project in Spain 2026

How much is residential investment in Spain in 2023?

Specifically, in 2023 residential investment in Spain stood at 5.7% of GDP, below the euro area’s 6.1% and below the annual averages around 6.5% recorded in the 1980s and 1990s.

What is the economic outlook for Spain in 2025?

The decline in interest rates, the strength of the labor market, and positive net migration will sustain strong demand in 2025, although it is expected to decelerate in 2026 as a result of slower economic growth. Economic activity in Spain is expected to grow by 2.8% in 2025.

How many home renovation permits are there in Spain in 2023?

Thus, home renovation permits stood at around 25,000 in 2023, slightly lower than the average for the past decade and below the renovation ratios observed in the large European economies.39 In this connection, the Spanish Recovery, Transformation and Resilience Plan (RTRP) aims to boost home renovation to increase the supply of residential housing.

What happened to house prices in Spain in 2023 Q4?

In 2023 Q4, the year-on-year growth rate of average house prices in Spain was 4.2%. This increase continues the upward trend in prices in recent years, which has led them to accumulate, on average, a nominal appreciation of 56% since early 2014 (see Chart 4.2). However, these prices are still 2% below their 2007 peak.

How many homes were sold in Spain in 2024?

In 2024, more than 715,000 homes were transacted in Spain, 12% more than in 2023, approaching the record levels of 2022. The easing of interest rates and population growth in major cities are boosting demand, especially for new builds, with Madrid leading with a 13.9% market share.

How has the Spanish housing market changed in 2023?

Annual Report 2023. Chapter 4 The Spanish housing market: recent changes, risks and affordability problems — Robust housing demand, along with relative supply rigidity, has resulted in sustained growth in house purchase and rent prices in the Spanish economy since 2014.