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Although the upward trend has continued for thirteen consecutive quarters, it has also been below 3% for three consecutive periods, well below the levels set at the beginning of 2023.
Madrid has strengthened its post as Spain’s city-break destination par excellence, with 2023 seeing a 20% rise in tourism compared to 2019 figures.
The recovery of investment, young people’s increased access to rural settings and enhanced productivity owing to technology will be the main challenges for the sector this year.
Residential assets will continue to be a favourite choice for domestic and international investors due to their robust nature in any scenario and their long-term appreciation potential.
This is the eleventh consecutive house price increase, although for the first time in this period the increase is less than 3%.
House prices are now in their tenth consecutive quarter of increases of more than 3%, although they are slowing down compared to the previous quarter in which they rose by more than 6%.
Six autonomous communities have seen rises of over 7%, led by the Valencian Community, with 8.2%, and followed by Andalusia, the Murcia Region, the Balearic Islands, the Canary Islands and Navarre.
