COVID-19 is expected to disrupt Spain's housing market, leading to a decline in housing prices in 2020 before leading to an even bigger decline in 2021. Forecasts state that the market will temporarily be disrupted, as consumers delay the decision to buy houses by up to 12 months, leading to a house price decrease of four percent in 2020. The source previously compared this figure with Portugal, and noted that Portugal's initial price drop was less severe but also that Spain would recover somewhat faster.
Forecast of the percentage change on previous year of residential property prices in Spain and Portugal in 2020 to 2021
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Bankinter. (October 16, 2020). Forecast of the percentage change on previous year of residential property prices in Spain and Portugal in 2020 to 2021 [Graph]. In Statista. Retrieved January 28, 2022, from https://www.statista.com/statistics/1165916/residential-real-estate-price-forecast-change-in-spain-and-portugal/
Bankinter. "Forecast of the percentage change on previous year of residential property prices in Spain and Portugal in 2020 to 2021." Chart. October 16, 2020. Statista. Accessed January 28, 2022. https://www.statista.com/statistics/1165916/residential-real-estate-price-forecast-change-in-spain-and-portugal/
Bankinter. (2020). Forecast of the percentage change on previous year of residential property prices in Spain and Portugal in 2020 to 2021. Statista. Statista Inc.. Accessed: January 28, 2022. https://www.statista.com/statistics/1165916/residential-real-estate-price-forecast-change-in-spain-and-portugal/
Bankinter. "Forecast of The Percentage Change on Previous Year of Residential Property Prices in Spain and Portugal in 2020 to 2021." Statista, Statista Inc., 16 Oct 2020, https://www.statista.com/statistics/1165916/residential-real-estate-price-forecast-change-in-spain-and-portugal/
Bankinter, Forecast of the percentage change on previous year of residential property prices in Spain and Portugal in 2020 to 2021 Statista, https://www.statista.com/statistics/1165916/residential-real-estate-price-forecast-change-in-spain-and-portugal/ (last visited January 28, 2022)
