Since 2015, Domus RS has been strengthening its position as one of the main sellers of new builds in Spain. The company currently has more than 100 active projects across the country and its own offices in Andalusia (Seville, Córdoba and Málaga), Asturias, the Community of Madrid, Catalonia, the Valencian Community, Galicia, the Basque Country and Cantabria. The company has also begun international expansion in Portugal, opening offices in Lisbon and the Algarve.
According to Domus RS CEO Jorge Pérez-Curto, one of the most critical issues in Spain’s real estate market is the structural housing deficit. He notes that while 80,000 to 90,000 residential units are built per year, the number of new households exceeds 200,000. In addition, the country has accumulated a historic deficit of around half a million units.
Housing prices continue to rise because supply is insufficient, while wages are not increasing at the same pace. This triggers internal migration and makes access to purchasing more difficult. However, a repeat of the 2007–2008 crisis is almost completely ruled out, since households and companies do not have such high levels of debt, and demand remains stable.
The key factors for reducing pressure on the market are assistance in accessing home purchases and the promotion of a large stock of public rental housing. New trends such as “flex” and “coliving” have emerged to address temporary housing issues and, although they are here to stay, they require adaptation at the operational and urban-planning levels.
At the same time, Spain’s residential real estate market still has growth potential. Despite economic cycles and tension around prices, demand remains stable, supported by the need for new builds and the tradition of homeownership as a family investment asset.
If you are considering buying or investing in new builds, visit our property catalog, download the new-build catalog, and explore the blog section “Real Estate” (for example, the article on the main costs of maintaining property).
