2022-02-15-莱坊-Spain_New_Build_Residential_Snapshot_Q4_2021_December_2021_2页_741kb

报告摘要

Residential Market Summary - Q4 2021

Core Content Overview

This document provides a snapshot of the residential real estate market in Spain for Q4 2021, highlighting key trends in approvals, final works certificates, transactions, and housing prices. It also includes background data on Social Security affiliates and mortgage registrations, as well as insights from Knight Frank Research.

Key Market Trends

Approvals and Final Works Certificates

Approvals: In Q1-Q3 2021, there were 78,800 approvals, representing a +26% increase compared to Q1-Q3 2020.
Final Works Certificates: There were 68,100 final works certificates issued, marking a +13% increase from the same period in 2020.
Projected figures for 2021:
- Building permits: Expected to reach 100,000, a +17% increase over 2020.
- Completion certificates: Anticipated to total 95,500, a +12% increase from 2020.

Transactions and Prices

Transactions: The number of free housing transactions reached over 470,000 by November 2021, up 35% from the same period in 2020.
Expected transactions for 2021: Around 500,000, the highest number in the last decade.
Average price per square meter:
- Free housing: €1,660/sq m in Q3 2021, a +2.6% increase year-on-year.
- New-build housing: €1,940/sq m, up >2% compared to Q3 2020.
- Existing housing: €1,650/sq m, also up 2.6% year-on-year.

Foreign Buyer Activity

The majority of homebuyers in Spain continue to be Europeans, with 50% of homes sold to foreigners in the most recent quarter.
This indicates a strong international demand for residential properties in Spain.

Historical Context

Social Security Affiliates: In 2021, 19.3 million people were affiliated with Social Security, slightly higher than in 2020.
Mortgage Registrations:
- 2013-2021: Mortgages increased by ~350,000 registrations in the third quarter of 2021, a +25% increase compared to the same period in 2020.
- Expected year-end figure: Around 400,000 signatures.
Mortgage Trends:
- The number of mortgages has shown a consistent upward trend from 2011 to 2021, with year-on-year variations reported.

Data Sources

Approvals and Final Works Certificates: Data from Knight Frank Research and the Ministry of Public Works.
Transactions and Prices: Information from the Ministry of Public Works and INE (National Institute of Statistics).
Social Security Affiliates: Data from the Ministry of Employment.
Intention to Purchase: Survey data from CIS (Center for Sociological Investigations).

Disclaimer

This report is for general information only and should not be relied upon for decision-making.
Knight Frank España, S.A.U. disclaims any responsibility or liability for losses or damages resulting from the use of this document.
Reproduction of the report is not permitted without prior written approval.

Contact Information

Carlos Zamora (Partner, Head of Residential):
- Phone: +34 600 919 041
- Email: Carlos.Zamora@es.knightfrank.com
Rosa Uriol (Head of Research):
- Phone: +34 600 919 114
- Email: Rosa.Uriol@es.knightfrank.com