Spanish After-Covid-19 Housing Market Prices. Survey Results.
I’d like to show you interesting survey results concerning the Spanish property market development perspectives. It was carried out by Mark Stücklin – a renowned expert in Spanish property market, the author of “Spanish Property Doctor” – column in “The Sunday Times” devoted to housing market.
Representative quota sampling of respondents numbered 607 people, including building industry investors, developers’ representatives, property owners, sellers and potential buyers.
It is worth mentioning that the survey covered the whole of the Spanish housing market, including apartments by the sea and in cities, houses in Costa del Sol and in the countryside, properties sold to foreigners and those sold on the domestic property market, etc.
The most interesting range of opinions arose when we asked the following questions:
“What will buyers do in the coming weeks/months?”
“What will sellers do in the coming weeks/months?”
The respondents adequately recognized buyers expectations connected with the lowering of prices on the Spanish housing market. However, the survey results prove that lower prices are just wishful thinking. Only 16% of respondents believed that sellers (developers) would lower the prices to attract buyers. Vast majority of sellers (84%) will not change their asking price or will freeze the sale and wait until the situation on the market clears up.