This year the new build properties upward trend in operations and prices continues, and everything indicates that it will be the same in 2022.
The real estate sector has been transformed during the pandemic. New construction housing is no exception.
The experts agree in pointing out that, after the time of confinement, in general the construction has continued its course. “The new construction during the pandemic has enjoyed very good health. With the exception of the first three months of the state of alarm in which everything was paralyzed, then the pace of construction and sales was reactivated and recovered, since most of the promotions have a high percentage of off-plan pre-sale”, according to Vicenç Ramón, manager of RTV real estate group.
Real estate expert Eduardo Molet also sees it this way, since, in 2020, these homes resisted the pandemic in a remarkable way, and sales of this real estate asset grew by more than 7% compared to 2019.
“And so far this year, new-build sales have continued to rise, even above second-hand ones. There is a very revealing figure, that of visas, which according to some sources have grown by 20%”.
While pre-owned and rental prices have fallen since the pandemic, new housing appears to be keeping prices on the rise. The reason for that on one side is the increase of the demand due to the confinement and another is the increase of construction cost due to shortages.
Forecasts for 2022 – New build properties upward trend
This market will close the year positive; “sales could increase between 7% and 10% and prices approximately 5%”, according to Molet.
For next year, Jesús Duque believes that the new construction has important advantages, such as the fact that the buyer not only acquires an impeccable property and with unbeatable conditions of use, but also benefits from all those elements in which the construction has been evolving in recent years: higher quality materials, more intelligent distributions that take into account the use of each square meter and natural light, in many cases services such as swimming pool, garage, etc.
On the contrary, it stands out that they are promotions generally outside the consolidated areas of each city, in many cases pending the construction of adequate infrastructure, and with a price higher than that of second-hand housing.
“Everything seemed to indicate a clear commitment by both large national and international groups in construction, both for sale and for rent until the moment when the possibility of the new Housing Law forcing private builders and promoters began to be rumoured to reserve 30% of its promotions to protected housing, and, of that percentage, half to social rent for the most vulnerable”.