{"id":25071,"date":"2024-11-12T11:33:19","date_gmt":"2024-11-12T09:33:19","guid":{"rendered":"https:\/\/www.forcadell.com\/?p=25071"},"modified":"2024-11-22T14:28:54","modified_gmt":"2024-11-22T12:28:54","slug":"forcadell-and-ub-present-the-real-estate-sector-with-the-findings-of-the-2024-report","status":"publish","type":"post","link":"https:\/\/forcadell.com\/en\/forcadell-and-ub-present-the-real-estate-sector-with-the-findings-of-the-2024-report\/","title":{"rendered":"Forcadell and UB Present the Real Estate Sector with the Findings of the 2024 Report"},"content":{"rendered":"
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Forcadell and UB have presented the findings of the Real Estate Market Report: Current Situation and Perspectives 2024<\/strong><\/em> to the real estate sector. The event gathered more than 600 industry professionals, offering an in-depth look at the current landscape and key factors that will shape real estate in 2025<\/strong>. The event included presentations and debates led by Forcadell experts specializing in Residential and Tertiary sectors.<\/strong><\/p>\n<\/div>\n\n

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The session began with opening remarks from Ivan Vaqu\u00e9, CEO of Forcadell<\/a><\/strong>, who welcomed attendees and introduced the current market situation. Dr. Gonzalo Bernardos, the report\u2019s editorial director, a professor of Economics at the University of Barcelona<\/strong>, and director of University of Barcelona<\/strong><\/a>\u2019s Master\u2019s in Real Estate Advisory, Management, and Promotion, presented key insights into both current conditions and the future of the real estate market\u2019s segments.<\/p>\n<\/div>\n\n

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The Forcadell-UB 2024 Report<\/em> is organized into five chapters covering the national and international economic context of the year<\/strong>. It delves into forecasts for Spain\u2019s housing, rental, office, retail, and industrial real estate markets. This edition also includes a section dedicated to the vacation rental market.<\/p>\n<\/div>\n\n

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2025: An Unforgettable Year for Residential Sales<\/h2>\n<\/div>\n\n
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One of the report\u2019s standout conclusions is that the residential sales market is set to experience an unforgettable year <\/strong>in 2025. Housing sales are expected to reach 825,000 units<\/strong>, a level unseen since 2007 (836,871 transactions). The sale of pre-owned homes is also projected to set a record high with 725,000 units<\/strong>, significantly surpassing the previous peak (649,971 in 2022) and far exceeding the level in 2006 (544,944).<\/p>\n<\/div>\n\n

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At the same time, the report indicates that sales prices will increase by over 10% in 2025<\/strong>, particularly for new housing, where price rises in many areas are expected to exceed 15%.<\/p>\n<\/div>\n\n

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Rental prices, meanwhile, have hit a historic high across Spain\u2019s 52 provincial capitals<\/strong> this year and continue to climb. In nearly all these capitals, rental prices are expected to be even higher in 2025.<\/p>\n<\/div>\n\n

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The Forcadell and UB analysis suggests that rising rental prices are not linked to growth in the number of vacation rentals (VUT)<\/strong>. These properties have seen only moderate supply increases in recent years, and the overall stock of housing allocated to vacation rentals remains low. Additionally, rental prices have also seen a sharp increase in towns with minimal VUT presence.<\/p>\n<\/div>\n\n

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Revitalization of the Commercial Asset Market<\/h2>\n<\/div>\n\n
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The commercial asset market is set for a strong revival in 2025<\/strong>. Increased credit availability from financial institutions, aimed at improving their margins, will significantly boost buyers’ purchasing power and facilitate a rise in transaction volumes by enabling buyers and sellers to agree on market prices. Office properties are expected to see a substantial positive absorption rate of leased space<\/strong>, much higher <\/strong>than in the past two years. Retail spaces in central Barcelona and tourist-heavy areas are anticipated to regain their position as stable, secure investments<\/strong>.<\/p>\n<\/div>\n\n

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Full video of the presentation:<\/p>\n<\/div>\n\n

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