The turnover for buying and selling own real estate in Spain demonstrated significant volatility over the past decade. Beginning at 825.2 million euros in 2013, the market experienced robust growth until 2018, culminating in a peak of 3170.0 million euros. This was followed by a sharp decline in 2019 and 2020. However, the market rebounded in 2021 and 2022, reaching 2460.0 million euros in 2022, and standing at 2740.0 million euros in 2023. The year-on-year variation from 2022 to 2023 was 11.23%, with a negative CAGR of -2.86% over the last five years.
Key trends from 2024 onwards indicate an average annual growth rate of 3.61%, with the turnover anticipated to reach 3440.0 million euros by 2028, signifying a 19.37% growth over the five years.
Future trends to watch for include:
- Economic stability and policy changes impacting real estate transactions.
- Technological advancements in real estate purchasing, including digital platforms.
- Influence of global market trends and foreign investments.
- Potential impacts of urbanization and housing demand dynamics.
