At UCI, we have been carrying out regular Barometers over the last few months in order to gauge the market sentiment in real time, and in order to know the opinion of over 1.800 real estate professionals in the front line ( as compared to gut instincts of “experts” and statistics which tell us what was happening three months ago rather than right now). We have also included an “Optimism Gauge” to have a general overview of sentiment in key players in each wave, currently at 6,7 / 10.
Some interesting highlights from the study include:
- General stability in the market, with 48% of panelists anticipating stable or increased number of completions in the next 3 months.
- Stability in agency workforce, with 78% of panelists expressing expectation of stability or moderate expansion in team size over the next 3 months.
- No radical changes anticipated in pricing, with 66% of respondents seeing no change or only a moderate reduction in prices, and 58% reporting that their stock for sale remains at the same level over the last month or is slightly increased.
In the link below you can access the full national results of the latest Barometer, and remember that you can have access to local area information for most regions of Spain by becoming a panelist, which will give you access to exclusive and personalized information as it becomes available. You may also access all the previously published reports.