If you are a proptech, I am sure you are interested in knowing and closely following the real estate sector’s movements.

The API association continuously analyzes real estate market trends, and in this post, from mapaproptech.com we share them with you to make the right strategic decisions in your start-up. 

If your start-up work with rentals, you should know that:

  • Rental offers in Spain have increased compared to the data we had at the beginning of 2020; this will make you grow products in your portfolio (or in the portfolios of your customers) at least while this situation lasts. So take advantage and profit this moment because Spain has increased by 50% the rental offer we had in 2020. 
  • In Catalonia, this increase has been higher, reaching 60% on the average increase. This figure is probably higher than the Spanish figure because some Catalan areas that used to have tourist rentals have been converted into traditional rentals. 
  • In the big cities we see the following: In Barcelona, the rental offer has doubled (probably because of the tourist rental). In Madrid, the rental offer has increased by 80%. In other cities, there are also large increases, such as in Seville or Valencia.

If your start-up is dedicated to online sales and purchases, or your profits depend on sales prices. In that case, you should know that: 

  • The prices of sales and purchases in Spain in 2020 remained stable compared to the previous year (2019), although the number of operations decreased by 18%. There are cities where the price per square meter has dropped slightly, but they have the highest price per square meters, such as Barcelona. 
  • The rest of the cities have maintained the same prices and even have slight rises. However, there was a remarkable comeback of operations in the last months of the year, so we can interpret that prices will continue stable at the beginning of 2021.

If your start-up works with developers and architects, you should know that:

  • In Catalonia, during 2019, a total of 8,831 houses were finished. While in 2020, a total of 8,493 were completed only during the third quarter. 
  • Regarding the total number of houses started for construction, 88% were in Barcelona’s territorial demarcation, followed by Girona with 11%, Tarragona 6%, and finally Lérida with 3%.
  • Housing started in 2020 was much lower than in 2019, since the total number in 2019 was 14,549 and the housing started up to the 3rd quarter of 2020 was 8,695.

From mapaproptech.com, we give you the data, but yours are the conclusions. Conclusions that we hope will help you to understand the market to make better decisions. 

Sheila Gracia

Services director at API Catalonia