Spain Residential Real Estate Market Industry Growth, Analysis, Business Trends, Competitive Landscape, Forecast to 2027
Quantitative analysis of the residential real estate market in Spain, current and future trends, 2020-2027
PORTLAND, OR, UNITED STATES, September 20, 2021 /EINPresswire.com/ – According to a recent report published by Allied Market Research, titled âSpain Residential Real Estate Market by Budget and Size: Opportunity Analysis and Industry Forecast, 2020-2027â , the size of the Spanish residential real estate market was $ 128.3 billion in 2018, and is expected to reach $ 149.9 billion by 2027, registering a CAGR of 8.0% from 2020 to 2027. In 2018, the segment under $ 300,000 dominated the market, accounting for about 73.2% of the global electric valve industry share, followed by the $ 300,001 to $ 700,000 segment.
The Spanish residential real estate market comprises the income generated by the purchase and sale of residential properties consisting of mini apartments, studios, bungalows and villas.
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The major players presented in the electric faucet market include ACS Group, FCC, GG Homes, GH Costa Blanca, Hamilton Leon, Housfy, Miralbo Urbana, Molina Toro SL, Sitara Master Builders and Triton Levante.
The residential real estate market in Spain is mainly driven by rising rents in major Spanish cities such as Madrid and Barcelona where there are significant employment opportunities for the population. Therefore, investments in residential properties have yielded better returns in terms of economy. In addition, the market is driven by foreign investment, due to favorable rules and regulations set by the government for foreign investors.
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Key market segments:
â¢ Less than $ 300,000
â¢ $ 300,001 to $ 700,000
â¢ $ 700,001 to $ 1,000,000
â¢ $ 1,000,001 to $ 2,000,000
â¢ More than $ 2,000,000
â¢ Less than 49 square meters
â¢ 50 to 80 square meters
â¢ 81 to 110 square meters
â¢ 111 to 200 square meters
â¢ More than 200 square meters
Main conclusions of the study
â¢ By budget, the under $ 300,000 segment was the largest contributor to revenue in 2018.
â¢ By size, the segment of over 200 square meters generated the highest turnover in 2019.
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