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Residential real estate price forecast change in Spain and Portugal 2020-2021

Published by Statista Research Department, Nov 6, 2020

COVID-19 is expected to disrupt Spain's housing market, leading to a decline in housing prices in 2020 before leading to an even bigger decline in 2021. Forecasts state that the market will temporarily be disrupted, as consumers delay the decision to buy houses by up to 12 months, leading to a house price decrease of four percent in 2020. The source previously compared this figure with Portugal, and noted that Portugal's initial price drop was less severe but also that Spain would recover somewhat faster.
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