Industry professionals estimate a 4.5% increase by 2022

The price of housing will become more expensive this year, according to the "X Barómetro Inmobiliario - El sentimiento de mercado de los profesionales inmobiliarios" (X Real Estate Barometer - The market sentiment of real estate professionals). The figure for this rise may exceed 4%.

This report has been carried out by Unión de Créditos Inmobiliarios (UCI) and the Spanish International Realty Alliance (SIRA) and forecasts that the upward trend in home purchase and sale transactions will continue.

According to these professionals, "housing is experiencing a period of stability". Data from the National Statistics Institute (INE) support these figures: in 2021, a total of 565,523 properties were sold, the best figure in the last 14 years.

In the Balearic Islands the price can go up ALMOST 8%.

With regard to our autonomous community, the expected increase is even higher: "the price of housing could rise by 7.8% in the Balearic Islands", according to the study carried out by UCI and SIRA.

Both the national and regional forecasts are in line with those of the market, which points to an increase in housing prices of between 2% and 6%. 

Purchase interest also rises

The real estate professionals consulted for this real estate barometer also consider that the interest in buying will exceed renting. In this sense, the figures for the first assumption range between 8 and 8.25%, while in the second they do not exceed 3.3%.

"This 2022 the demand for permanent housing, second homes and investment as a safe haven asset in brick, will make the real estate sector continue to grow as it has done in 2021," says Toni Expósito, CEO of Comprarcasa.

Is it a good time to buy a house in Ibiza?

As we commented in our real estate agency's blog, "buying a house in 2022 can be, for many, a good investment". 

You can read the full article through the following link: Property in Ibiza: why buy a house in 2022.

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