{"id":13935,"date":"2025-05-30T11:55:11","date_gmt":"2025-05-30T10:55:11","guid":{"rendered":"https:\/\/firmalex.com\/?p=13935"},"modified":"2025-06-09T11:56:40","modified_gmt":"2025-06-09T10:56:40","slug":"increase-in-home-purchases-in-spain","status":"publish","type":"post","link":"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/","title":{"rendered":"Increase in home purchases in Spain"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote\">\n<p>This year 2024 has ended with a significant increase in home purchases in Spain.<\/p>\n<\/blockquote>\n\n\n\n<p>This has been motivated by various reasons and may produce changes in the sale and rental prices of properties for next year.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Figures_on_the_rise_in_home_sales\" >Figures on the rise in home sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Reasons_for_the_increase_in_real_estate_transactions\" >Reasons for the increase in real estate transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Future_forecasts\" >Future forecasts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#What_about_the_rent\" >What about the rent?<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Rental_forecast_for_2025\" >Rental forecast for 2025<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Further_information\" >Further information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/#Solve_your_doubts\" >Solve your doubts<\/a><\/li><\/ul><\/nav><\/div>\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Figures_on_the_rise_in_home_sales\"><\/span>Figures on the rise in home sales<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The number of home sales <strong>has increased by more than 50% <\/strong>compared to the month of October in previous years, with more than 69,000 transactions taking place.<\/p>\n\n\n\n<p><strong>This is the largest increase since August 2021 and the highest number of transactions since May 2007.<\/strong><\/p>\n\n\n\n<p>The National Institute of Statistics (INE) has collected data confirming that home sales have increased for <strong>more than four months year-on-year <\/strong>after a small rise in July and August and the way in which they have shot up by 40% in September.<\/p>\n\n\n\n<p>As for the type of housing, <strong>new homes increased their sales by 83% year-on-year,<\/strong> with 16,000 transactions. <strong>For second-hand homes the increase was more than 40%.<\/strong> In both cases the increases are greater than those of recent years.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_for_the_increase_in_real_estate_transactions\"><\/span>Reasons for the increase in real estate transactions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The increase in transactions is mainly attributed <strong>to the change in the mortgage cycle, which has been driven by the drop in interest rates.<\/strong> This has started a dynamic season for home purchases due to the optimism and confidence of buyers in the market, in addition to the fact that households are saving more and mortgage conditions are more attractive due to the drop in the Euribor.<\/p>\n\n\n\n<p>Therefore, <strong>there is an increase in demand due to the reduction in financing costs and an expectation of an increase in housing prices,<\/strong> which is why many people have brought forward their property purchases.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_forecasts\"><\/span>Future forecasts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>These striking changes indicate that <strong>there will be a new boom in home purchase and sale transactions.<\/strong><\/p>\n\n\n\n<p><strong>With improved mortgage conditions and rising household savings,<\/strong> home purchases are expected to increase in 2024 and 2025.<\/p>\n\n\n\n<p>The context of the real estate sector indicates that <strong>housing production is low.<\/strong> Therefore, the increase in demand to buy apartments and houses will cause prices to rise, both for second-hand and new-build homes.<\/p>\n\n\n\n<p>Thus, <strong>the price of housing will continue to rise in 2025 due to the difference between supply and demand,<\/strong> with an increase forecast that could be between 4% and 10%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_about_the_rent\"><\/span>What about the rent?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The price of rental housing in Spain <strong>has risen by more than 10% <\/strong>in October compared to other years.<\/p>\n\n\n\n<p>By region, <strong>the Autonomous Communities of Madrid and Catalonia are the most expensive <\/strong>to rent a home in. They are followed by the Balearic Islands and the Basque Country.<\/p>\n\n\n\n<p>On the other hand, <strong>Extremadura is the autonomous community with the lowest rental prices <\/strong>and Castilla-La Mancha follows in terms of affordable rent.<\/p>\n\n\n\n<p><strong>Madrid is the capital city where the price <\/strong>of rental housing has increased the most in the last year, with an annual rise of 15.5%. It is followed by Barcelona and Oviedo.<\/p>\n\n\n\n<p><strong>Lleida is the only capital where rental prices remain <\/strong>the same as a year ago.<\/p>\n\n\n\n<p><strong>As for the capitals where the price has risen the least compared to the previous year, in addition to Lleida, we find Soria and Teruel,<\/strong> both with an annual increase of 3%.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rental_forecast_for_2025\"><\/span>Rental forecast for 2025<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p><strong>The market for apartments and houses for the year 2025 will be in high demand,<\/strong> as we have seen.<\/p>\n\n\n\n<p>However, the <strong>update of rents from January is faced with the regulation of rental prices.<\/strong><\/p>\n\n\n\n<p>The new index establishes that <strong>the limit for annual update of income will be the minimum value between the following data:<\/strong><\/p>\n\n\n\n<ul>\n<li>The <strong>annual rate of change of the CPI.<\/strong><\/li>\n\n\n\n<li>The <strong>annual rate of change in the core CPI.<\/strong><\/li>\n\n\n\n<li>An <strong>average rate that is adjusted and defined by public bodies specializing <\/strong>in housing and economics.<\/li>\n<\/ul>\n\n\n\n<p>of this regulation <strong>is to prevent tenants from suffering excessive increases in the face of high inflation and to ensure that landlords can maintain their rents.<\/strong> This year there has been an increase in the purchase and sale of homes, mainly due to the improvement in financing conditions due to the drop in the Euribor. For 2025, the number of transactions is expected to continue to rise, which may lead to an increase in housing prices due to the difference between supply and demand. As for rent, it has also increased this year and will do so next year, but with the limitations included in the new regulation of rental prices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Further_information\"><\/span>Further information<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>This article is part of our service <a href=\"https:\/\/firmalex.com\/en\/real-estate-lawyer-spain-costa-blanca-valencia-alicante-denia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Real Estate Lawyer in Spain<\/a>. Visit this section where you will find all the useful information on this topic, including a complete guide on <a href=\"https:\/\/firmalex.com\/en\/how-to-buy-a-house-in-spain\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to buy a house in Spain<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solve_your_doubts\"><\/span>Solve your doubts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>&#x2705; Our staff speaks perfectly Spanish, Valencian, English and German with what will be able to communicate with us in your own language and thus clearly resolve your queries.<\/p>\n\n\n\n<p>&#x1f4cd; Denia \u2013 Plaza del Convento, 6 &#8211; Mezzanine floor door B<br>&#x1f4cd; Valencia \u2013 Calle Creu Roja, 1 &#8211; Block 6, Floor 1, door 10 (* only by appointment)<\/p>\n\n\n\n<p>&#x2709;&#x1f4de; Contact: <a href=\"mailto:info@firmalex.com\" target=\"_blank\" rel=\"noreferrer noopener\">info@firmalex.com<\/a> \u2013 Tel. <a href=\"tel:+34966421416\" target=\"_blank\" rel=\"noreferrer noopener\">+34 966 421 416<\/a> \u2013 Whatsapp <a href=\"https:\/\/wa.me\/34622497615\" target=\"_blank\" rel=\"noreferrer noopener\">+34 622 497 615<\/a> <\/p>\n\n\n\n<p>Follow us: <a href=\"https:\/\/www.facebook.com\/FIRMALEXcom\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a> &#8211; <a href=\"https:\/\/www.linkedin.com\/company\/firmalexcom\/\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year 2024 has ended with a significant increase in home purchases in Spain. This has been motivated by various reasons and may produce changes in the sale and rental prices of properties for next year. Figures on the rise in home sales The number of home sales has increased by more than 50% compared [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[210,246,242],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Increase in home purchases in Spain - FIRMALEX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/firmalex.com\/en\/2025\/05\/30\/increase-in-home-purchases-in-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increase in home purchases in Spain - FIRMALEX\" \/>\n<meta property=\"og:description\" content=\"This year 2024 has ended with a significant increase in home purchases in Spain. 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