It is unanimous. House prices will continue to rise in 2025, pressured by a shortage of supply, unable to absorb robust and growing demand. This situation will result in a price increase that experts place in a range of between 4% and 10%.
The most conservative forecasts are signed by Caixabank and Bankinter, which project a nominal increase in house values of 4.1% and 4%, respectively, above inflation. This increase is supported by the improvement in the economic outlook, a strong labour market and the reduction in interest rates that the European Central Bank (ECB) began to implement last July.
In this context, the Catalan entity does not rule out that the price rise will be greater than forecast. "It should be noted that the expansive situation of the real estate market and the good performance of the Spanish economy mean that the risks of a faster-than-expected increase in house prices in our central scenario are not negligible," explains the report The Spanish Real Estate Market 2024-2025: in expansive mode.