Spain Residential Real Estate Market Size, Industry | 2031

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Segments - Spain Residential Real Estate Market by Types (Condominiums, Villas, and Others) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : V. Chandola

Editor : Rucha Phatak

Report Description

Spain Market Trends Drivers Restraints and Opportunities
Scope of Spain Market Report
Spain Market Segment Insights

Segments
Table Of Content
Methodology
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Report Description

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Spain Residential Real Estate Market Outlook

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.

As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.

The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

Increasing urbanization in the country is estimated to accelerate the growth of the market.
Rising development of policies implemented for affordable houses by government agencies is expected to boost the residential real estate market.
Increasing tourism is expected to boost the residential real estate market.
Expanding deployment of technology in most aspects of real estate development and business is likewise expected to create lucrative opportunities during the forecast period.

Scope of Spain Residential Real Estate Market Report

The report on the residential real estate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Residential Real Estate Market - Spain Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Condominiums, Villas, and Others)
Country Scope	Spain
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast.
Key Players Covered in the Report	MetroVacesa; AEDAS homes; Via Celere; AELCA and Neinor Homes.

Spain Residential Real Estate Market Segment Insights

Housing segment is expected to grow at a rapid pace

Based on types, the market is divided into condominiums, villas, and others. With the fall in GDP of almost 11% in 2020 due to Covid-19 pandemic, it managed to close with a price increase of 1.5%, which was a sharp slowdown, although very far from the collapse that was expected in economy. The condominiums segment is anticipated to account for a significant market share during the forecast period. On the other hand, the villas segment is expected to grow at a healthy rate due to rising tourism in the country.

Spain Residential Real Estate Market Type

Segments

The Spain residential real estate market has been segmented on the basis of

Types

Condominiums
Villas
Others

Country

Spain

Key Players

Neinor Homes
Via Celere
AEDAS homes
AELCA
MetroVacesa.

Competitive Landscape

Key players competing in the residential real estate market are MetroVacesa; AEDAS Homes; Via Celere; AELCA; and Neinor Homes.

Companies are partnering with local partners and engaging in joint ventures to expand their market share.

In February 2022, AEDAS homes obtained permission to build three projects in the Benalúa Sur sector. This is expected to result in the construction of 137 homes. The company is estimated to invest 33 million euros in development of new projects.

In February 2022, Neinor Homes delivered 90 properties in Velilla de San Antonio under Limited Public Protection (VPPL) regime and Basic Public Protection Housing (VPPB). The price range was between euros 1440,00 and 160,000.

In February 2022, MetroVacesa became the first Spain-based developer to sell its retail properties in Metaverse.

Spain Residential Real Estate Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Real Estate Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Residential Real Estate Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Residential Real Estate Market - Supply Chain
  4.5. Global Residential Real Estate Market Forecast
     4.5.1. Residential Real Estate Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Residential Real Estate Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Residential Real Estate Market Absolute $ Opportunity
5. Global Residential Real Estate Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Residential Real Estate Market Size and Volume Forecast by Types
     5.3.1. Condominiums
     5.3.2. Villas
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Residential Real Estate Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Residential Real Estate Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Residential Real Estate Demand Share Forecast, 2019-2026
7. North America Residential Real Estate Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Residential Real Estate Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Residential Real Estate Market Size and Volume Forecast by Types
     7.4.1. Condominiums
     7.4.2. Villas
     7.4.3. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Residential Real Estate Demand Share Forecast, 2019-2026
8. Latin America Residential Real Estate Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Residential Real Estate Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Residential Real Estate Market Size and Volume Forecast by Types
     8.4.1. Condominiums
     8.4.2. Villas
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Residential Real Estate Demand Share Forecast, 2019-2026
9. Europe Residential Real Estate Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Residential Real Estate Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Residential Real Estate Market Size and Volume Forecast by Types
     9.4.1. Condominiums
     9.4.2. Villas
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Residential Real Estate Demand Share Forecast, 2019-2026
10. Asia Pacific Residential Real Estate Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Types
     10.4.1. Condominiums
     10.4.2. Villas
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Residential Real Estate Demand Share Forecast, 2019-2026
11. Middle East & Africa Residential Real Estate Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Types
     11.4.1. Condominiums
     11.4.2. Villas
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Residential Real Estate Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Residential Real Estate Market: Market Share Analysis
  12.2. Residential Real Estate Distributors and Customers
  12.3. Residential Real Estate Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Via Celere
     12.4.2. Neinor Homes
     12.4.3. AEDAS homes
     12.4.4. AELCA
     12.4.5. MetroVacesa.