What factors will influence housing in 2022?
The demand for homes will continue to rise over the next year, which will cause the sustained rise in prices that began in 2021 to continue.
This trend will depend on the pandemic and inflation. So what are the factors that will influence the housing sector in 2022?
A rise in housing prices
If house prices survived the pandemic, there is little doubt that it will continue to grow in 2022, especially when we add inflationary pressures and rising construction costs.
The rise in prices of raw materials has resulted in an increase in production costs of 8%.
Attractive mortgages and profitability
Two of the great attractions of this year 2021 have been the good prices of mortgages, encouraged by a negative Euribor, as well as the high profitability of the market for investors. Something that is expected to remain in 2022 especially if it is bought to lease.
Large cities and the coast will be the areas most in demand
Large cities, islands and the Mediterranean coast are the areas where there is the greatest movement in the real estate market because they are tourist poles and economic activity. However, with the pandemic, the demand for larger homes in quiet and landscaped areas and in regions far from these foci has grown, which has triggered the prices of areas such as Cantabria, Melilla, the Region of Murcia and Andalusia in the third quarter. between 6% and 7% compared to 2020.
Next year, however, it will be the regions with the most inhabitants that will once again concentrate investments: the Community of Madrid, Catalonia, Cantabria, the Basque Country, the Levant and the Balearic Islands.
In addition, the big surprise of 2022 will be the boom in second homes.
The new protagonist work
Second-hand housing has always been the main protagonist when buying a home. However, in recent years the new work has taken center stage.
The new housing law
2022 will be marked by the new housing law that has just been approved. The relevant facts of this law are the limitation of the rental price in stressed areas.
There is also the tax on empty flats that would correspond to the IBI surcharge up to 150%, and it will have to be applied by the municipalities of each city.