how to put your house for rent

2023 real estate market analysis and what’s in store for 2024 in Spain — idealista/news

The year 2023 will end with a seemingly contradictory balance in the real estate market: mortgages are falling and the volume of transactions is suffering after a year as significant as 2022. However, prices continue to rise, driven by a demand that is still higher than the dwindling supply.

The Housing Law has not only failed to meet the objectives set by the government but has had a devastating opposite effect: it was intended to solve the rental problem and has led to unknown levels of suffering for tenants. The new regulation has collapsed supply, and prices have continued to rise sharply. Moreover, there has been a significant shift from permanent to seasonal rentals, making it even more difficult for renters to access housing, especially families with children. With a continuous political environment, these trends are not likely to change in 2024.

The property market

Property prices

Price reductions that many have been listing for this year have not been arrived at, and the cost of buying a home in Spain has increased by 7% in the last year.

In some very dynamic markets, such as Madrid or Barcelonaprices have reached extremely high levels, causing price increases to

What changed in the property market in 2023?

What was different about our housing markets in 2023?

As we close out 2023, the Australian property market looks significantly different from 2022 – we’ve defined all the naysayers and property pessimists and experienced eleven consecutive months of national price increases.

Clearly, this strong price growth is the biggest difference to the markets of 2022 when rising interest rates slowed down buying and selling activities.

And while 2022 finished with many economists anticipating the downward trend to persist into 2023, and some even predicted a faster decline, clearly the opposite happened.

Property Market

Property prices have consistently risen throughout the year

According to the latest PropTrack Home Price Index, property prices have consistently risen throughout the year, rebounding from the 2022 downturn and reaching record highs in various markets.

And as we finished the year the pace of growth has slowed down.

This is attributed to more properties entering the market, providing buyers with increased choices and reduced competition.

Despite this, affordability remains a concern as prices continue to stay high.

Ms Eleanor Creagh, Senior Economist PropTrack recently looked at the milestones the property market achieved in 2023, and how this year was different to last.

In her commentary said:

“Even though