Making a projection of the future, whenever it is about realistic assumptions, is positive, since it helps us to know what we can expect; and, consequently, to make intelligent decisions. In markets such as real estate, which are subject to conjunctural changes, it becomes more important, if possible, to know the movements in advance.
In this case, the real estate market in 2018 offers us a series of novelties that we can not ignore and we will explain in this article. In this way, counting on information, everything will be easier.
Market trends in 2018
First, it seems that the price growth will continue to rise, at least until 2020, in Europe. There is a certain optimism in the sector and a lot of desire to invest, so it is a factor that you will have to take into account. In addition, we must emphasize that Barcelona is among the 20 best cities to invest, according to the international rankings of the sector.
Second, there is a broad consensus that 2018 will be a year of gains; and, as we already know, economics is, to a large extent, a matter of expectations. Positive expectations generate positivity, while negative expectations generate negativity. The postmodern economy works like this. It is not so important that you have objective conditions to invest, but that the economic environment think they are.
After the black decade of 2009-2013, there have been some structural changes in a market, such as Spanish, focused on the purchase of housing. However, in the last two years, the purchase has been reactivated, as the loan opens again, although not to the same extent as in the past. It is also true that other types of joint real estate investments have been strengthened and today buying a flat does not have to be a single person or a couple.
Although the rental of housing has a greater weight than before, housing as an investment, in an economy such as the Spanish one, focused on tourism and construction, remains an option for the medium term.
Rental housing has gained weight, simply because a person or couple could not aspire to purchase. In 10 years, the number of people living for rent went from 19.5 to 22% of the Spanish population, a significant figure. In any case, the Spanish property culture continues to be owned and there seems to be no significant changes, beyond the market impediments.
After the rise of real estate in major cities in 2016 and the first months of 2017, it seems that prices will stabilize and this habitability option can regain the attractiveness it was losing.