The Fotocasa portal has presented a housing market study detailing its outlook for the real estate market in 2022. Broadly speaking, its conclusions are that in the coming year more houses will continue to be sold with reasonable price increases, new construction will be the main protagonist and rental prices could fall, in a year in which the real estate market faces the challenges of the housing and sustainability law. The portal has interviewed the main experts and professionals in the sector to learn about their vision on how the market will evolve in the next 12 months.
The main conclusions obtained are that home sales in 2022 will continue to rise steadily and without major changes. Although we could expect a greater increase in new construction homes for 2022, the expected boom in the number of sales operations is not expected to be accompanied by large price increases. The increases will not exceed 4% year-on-year, according to the study.
The expected strengthening of new construction housing is due to the fact that new construction allows responding to the housing needs that appeared after confinement, such as more space, having a garden or a terrace, or having more rooms to telework.
Regarding the rental market for 2022, we could find a decrease in the rental price at the national level of between -4% and -5% year-on-year, as a continuation of what happened in 2021. This national trend does not coincide with what happened in the Canary Islands in 2021, where rents would have risen mainly in tourist areas.
This forecast of price decreases at the national level does not coincide, however, with that handled by the Rental Negotiating Agency (ANA), which foresees a 5% increase in 2022, with the future Housing Law and the annual review of contracts according to the CPI as the main drivers of this increase in rents.
