FORCADELL and the UB analyse the main challenges and outlook for the real estate market in 2027

FORCADELL and the University of Barcelona (UB) have presented the findings of the 2026 Real Estate Market Report: Current Situation and Outlook, a benchmark study that analyses market developments and the main trends expected to shape the real estate sector in 2027.

The presentation, held on 5 November in a hybrid format, brought together real estate professionals and experts for an event dedicated to analysing the market’s main challenges and opportunities. The event combined presentations and panel discussions featuring the directors of FORCADELL’s different business divisions, who explored the outlook for the residential and commercial real estate sectors.

Hosted by journalist Ana Boadas, the event featured an opening address by Ivan Vaqué, CEO of FORCADELL, who welcomed attendees and introduced the sector’s main challenges. Dr Gonzalo Bernardos, editorial director of the report, Professor of Economics at the University of Barcelona and Director of the UB Master’s Degree in Real Estate Advisory, Management and Development, presented the economic and real estate outlook for 2027.

The report provides an analysis of the national and international economic environment and examines developments in residential property sales and rentals, offices, retail premises, industrial and logistics properties, and real estate investment.

The real estate market enters 2027 with more moderate activity and new challenges

Among the main findings of the 2026 FORCADELL–UB Report is the forecast of a slowdown in residential market activity, with home sales expected to decline by approximately 8% in 2027. Nevertheless, property prices are expected to continue rising, albeit at a slower pace, with annual growth falling below 5% by the end of the year.

The shortage of housing supply remains one of the main imbalances in the residential market. Insufficient new housing construction and difficulties in accessing homeownership, particularly among young people, continue to shape the sector’s development. Meanwhile, the rental market continues to face limited supply, with more moderate rent increases forecast for 2027.

Regarding the commercial real estate sector, logistics continues to show strong momentum, driven by demand for modern, efficient and well-connected facilities. In the office and retail markets, property quality and location are becoming increasingly decisive factors, against a backdrop of more selective demand.

Finally, the real estate investment market enters 2027 with legal certainty and asset quality as key considerations. Changes in financing conditions and the regulatory environment will influence investment decisions, with investors prioritising properties offering stable income streams and established locations.

Full video of the presentation: