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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.
Investments in a full property renovation see average returns of €308/m2 in Madrid and €511/m2 in Barcelona, equivalent to 47% and 79% returns on investment, respectively.
This is the greatest rise in the last eight quarters, with consecutive YoY increases of more than 3%
Local Agriculture, Generational Change and Rising Interest Rates to Be Some of the Key Conditioning Factors.
At Gesvalt, we have published our Real Estate Trends Report for 2023. The study, carried out by the company’s Research Department, predicts an adjustment in the volume of home sales and purchases of around 10% for the coming year.
This is the seventh quarter in a row with QoQ increases, consolidating the trend seen since the lifting of pandemic restrictions.
For the fourth quarter in a row, the Balearic Islands see again the highest rise reaching 6.1% after the 6.7% in the previous quarter, followed by the Valencian Community (5.4%), the Community of Madrid (4.6%) and Navarre (4.0%).
