2022 real estate overview

We are just crossing out the last days in the calendar of the year 2022, as 2023 is around the corner.

We could say that this year ending has been
a two-speed year regarding the real estate sector. The first semester of the year has maintained a cruising speed, but the second semester
has been marked by a downturn.

The conflict in Ukraine, together with the high inflation and the increase in interest rates have caused
uncertainty in the market.

Anyway, let's analyze the scenario that we may face
in 2023.

Although it is true that the EURIBOR has been increasing for the last months, it is still
at a reasonable level. Obviously, the rate weren't going to be negative indefinitely.
And, despite the fact that this situation has slightly affected the buyers' mood
the financing conditions are still good.

Spain is a country where owners usually have a deeply rooted point of view in this regard, so in 2023
a great number of transactions will be managed. As long as the rental market
shows such a limited supply and high prices, many people will opt to get a
mortgage instead of renting.

New building projects, replacement housing and residential tourism are expected to
keep a high demand. Moreover, apart from the investors deciding on construction and building projects to fight
against inflation, 2023 will close with a large number of transactions.
Therefore, in spite of certain slight imbalances that may appear in some areas, the areas of
Costa Blanca or Costa Cálida will not show significant changes.

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