The housing demand is still active and the new housing construction market is also active. However, the evolution in the creation of new homes in Spain has contracted very significantly, essentially due to a change in the demographic structure. Homes and real estate market go hand in hand.
The projections of the National Institute of Statistics (INE) for the next 15 years point out that the 120.000 will not surpass new homes per year. Figure that contrasts with the 420.000 that were created annually in the decade of the 2000, although today that figure is still in the 95.000 new homes.
The number of new homes in Spain has contracted significantly
The great challenge for the sector will therefore be how to manage, rotate and rehabilitate existing houses, and adapt them to smaller and smaller households. And what kind of new housing should they build? According to INE data, the average household size in Spain is 2,5 people, but in 15 years, one in three will be formed by one, therefore, it will be necessary to "adapt the buildings to the need for a smaller house", Luis Corral, CEO of Contact Us.
All the information on this topic, with graphics showing evolution, you can read them in Five Days from the hand of Elisa Castillo