Trends that will shape the residential market in 2022
June 30, 2022
Some of them are:
Interest in second homes on the coast and in rural areas. Interest in residences in places where you can enjoy the good weather, peace and quiet, holidays and even teleworking has increased in recent years. In Spain, the coastal provinces with the highest number of sales have been Barcelona, Madrid, Valencia, Alicante and Malaga.
Search for housing with outdoor spaces, common areas and single-family homes. Covid-19 has provoked new habits and needs generated by confinement and the pandemic. This has translated in the market into a peak in demand for homes with outdoor space, large and bright. Be it a balcony, a terrace or a garden. In the last quarter of 2020, the purchase of single-family homes accounted for 22.5% of all home sales.
Increased use of technology for construction, transactions and home search. In recent years, the digital transformation of real estate has been driven, including:
- More virtual tours: In order for potential buyers to be able to visit remotely and get a real sense of where they might be living, high quality photographs, virtual tours and videos of homes and their surroundings have become the norm in 2022. This has also brought with it the alternative of virtual tours, a highly effective tool for sellers and buyers to drive sales and get the product further afield.
- Smart homes: Home automation allows us, as users, to be more aware of the need to preserve the environment and not waste energy. Especially when it comes to household appliances, security systems, entertainment, lighting and heating.
- Transformation to “PropTech”: The real estate industry is starting to digitize its services in order to create more efficient systems that reduce paperwork and streamline transactions.
