·         20-11-24
The real estate market remains a hot topic in Spain, and the most recent data confirms this: 48% of Spaniards looking for a home prefer to buy, compared to 42% who choose to rent. With 2025 on the horizon marked by possible record sales thanks to the drop in interest rates, the balance seems to be leaning more and more towards ownership.
Demand for housing is growing without restraint
Interest in finding a flat has increased by three percentage points in recent months. In August 2024, 26% of Spaniards over 18 years of age were actively looking for a home, compared to 23% at the beginning of the year. This upturn shows a market in constant movement, with a growing role for those who want to buy.
Buying continues to lead, but renting gains ground
Although 48% of housing seekers in the second half of 2024 are looking to buy, this percentage is three points lower than the 51% in 2023. For its part, renting has grown slightly, going from 15% to 17% in the same period. In addition, 10% of applicants explore both markets simultaneously.
As for general activity, both buying and selling show increases compared to the beginning of the year. For example:
• Buying and selling: Demand went from 16% in the first half to 18% in the second.
• Renting: Interest rose from 15% to 17% in the same period.
Offers that rise and fall according to the region
The availability of properties varies according to the autonomous community:
• In Madrid and the Valencian Community, the offer remains stable (9% and 8%, respectively).
• In Catalonia and Andalusia, the offer falls significantly. In Catalonia, it fell from 9% to 7%, and in Andalusia, from 8% to 6%.
These variations reflect local dynamics that influence decisions to buy or rent.
What does all this mean?
With 4% of Spaniards purchasing a home in the last year and 11% looking without closing the deal, it is clear that ownership remains an aspirational goal. However, renting is not far behind, with a sustained increase in participation.
With the prospect of lower interest rates by 2025, the buying and selling market could reach historic records. Even so, renting will continue to be the solution for those who cannot find the right property or do not want to commit to a purchase.
And you, what do you prefer?
Whether buying or renting, the important thing is to find the option that best suits your needs and circumstances. The market is booming, and the opportunities are there. Do you dare to take the step?