The turnover of the real estate sector in Spain has shown a steady incline from 2013 to 2023, standing at 31.49 billion Euros in 2023. The data indicates variable year-on-year changes, notably recovering from a downturn in 2020 caused by the COVID-19 pandemic. The past two years saw modest increases in turnover by 2.13% in 2022 and 2.06% in 2023. Over the last five years, the CAGR is 1.55%, reflecting a stable yet slow growth rate in this period.
Future trends to watch for:
- Potential impact of macroeconomic factors such as inflation and interest rates on real estate investment and turnover.
- The influence of evolving real estate technologies and digital platforms on transaction volumes and values.
- Changing consumer preferences post-pandemic, particularly in terms of property types and locations.
