News | Lexington Realty
Lexington Realty real estate agency in Costa Blanca, Alicante, Santa Pola, Gran Alacant

News

News on the Spanish property market

News on the Spanish property market

17th August 2020

Again we can guarantee warm weather and pleasant water temperatures. However, as important a few words on the market situation in the Spanish real estate market.

Many experts try to predict the outcome  of the Covid crisis in the real estate market in Spain and the predictions are various. The present situation after an almost complete lock-down for 3 months is of course caused a drastic drop in the sales. This has lead also to a price drop in the second hand market. What we have seen so far is a drop in the prices on second properties that before the crisis were priced too high. The new build market has until now not reacted to the present and future crisis in the Spanish economy.

Though, there is no doubt that the market in general will see a drop in the prices. Again as before when we mention drop in prices there'll be a big difference between the national and the international market. The national market will be hit the hardest.  This time there will also be a difference from are to area both in the national a well as the international market is concerned. For the time being it looks as if the north east of Spain and in the case of international market will be hit the hardest. Barcelona and the area around again suffering from hard restrictions.

The tourism industry being very hard influenced by the Covid will result in a much weaker economy in these areas. The Balearic Islands, Costa Blanca and Costa del Sol especially. As the foreigner are not allowed to travel or simply do not want to for a while means less demand and the lower prices.

Trying to predict some percentages as to what will the price changes is simply too difficult as long as there is no vaccine contra the Covid. One thing that most expert do agree on is that this crisis cannot be compared to the economical one we suffered 10 years ago. One of the argument for this is that the price level in the market is much more pain now than then. Though what is very difficult to predict is the impact on the work economy and then again where this will take Spain that before the Covid was just about to be out of last crisis the nan declining unemployment rate. The rate has risen dramatically since the outbreak and Spain is again at approximately 20%.

Warm regards,

Lexington Realty

 

Peter Thuesen

Director


2025-02-13T15:57:35+01:00info
Database connected
2025-02-13T15:57:35+01:00sql20 ms
SELECT *, clave FROM lexington_traducciones
2025-02-13T15:57:35+01:00sql0 ms
SELECT clave, valor FROM lexington_config
2025-02-13T15:57:35+01:00sql2 ms
	SELECT id, clave, parent_id, privado, formulario,
					titulo_en AS titulo, banner,
					link_en AS link,
					slug_en AS slug,
					meta_key_en AS meta_key,
					meta_descr_en AS meta_descr,
					art_en AS text
					FROM lexington_articulos 
					 WHERE slug_en = 'property-news' 
					
2025-02-13T15:57:35+01:00sql0 ms
	SELECT id, clave, 
					titulo_en AS title,
					link_en AS link,
					slug_en AS slug,
					art_en AS text,
					meta_descr_en AS meta,
					(SELECT img.file_name as file_name
        FROM lexington_images_articulos img
        WHERE img.parent_id = main.id
        ORDER BY img.orden ASC
        LIMIT 1) AS file_name 
					FROM lexington_articulos main
					WHERE parent_id = 15
					ORDER BY orden
					
2025-02-13T15:57:35+01:00sql0 ms
SELECT file_name FROM lexington_images_articulos WHERE parent_id = 15 ORDER BY orden
2025-02-13T15:57:35+01:00sql0 ms
SELECT file_name FROM lexington_files_articulos WHERE parent_id = 15 ORDER BY orden
2025-02-13T15:57:35+01:00sql4 ms
 	SELECT *, id, clave, link_en AS link,  titulo_en AS titulo,
					slug_en AS slug, header_menu, footer_menu, parent_id, orden
					FROM lexington_articulos
					ORDER BY orden
					
2025-02-13T15:57:35+01:00sql0 ms
SELECT slug_en, slug_dk, slug_se, slug_no, slug_fr, slug_nl, slug_de, slug_es, slug_pl FROM lexington_articulos WHERE clave = 'noticias'
2025-02-13T15:57:35+01:00sql0 ms
SELECT slug_en, slug_dk, slug_se, slug_no, slug_fr, slug_nl, slug_de, slug_es, slug_pl FROM lexington_articulos WHERE clave = 'noticias'
2025-02-13T15:57:35+01:00sql0 ms
SELECT slug_en, slug_dk, slug_se, slug_no, slug_fr, slug_nl, slug_de, slug_es, slug_pl FROM lexington_articulos WHERE clave = 'noticias'
2025-02-13T15:57:35+01:00sql2 ms
	SELECT id,
					titulo_en AS titulo,
					descr_en AS descripcion,
					fecha
					
		, (SELECT img.file_name as file_name
		FROM lexington_images_noticias img
		WHERE img.parent_id = main.id
		ORDER BY img.orden ASC
		LIMIT 1) AS img
					FROM lexington_noticias main
					 WHERE fecha <= '2025-02-13' 
					ORDER BY fecha DESC
					
2025-02-13T15:57:35+01:00sql0 ms
	SELECT id,
					titulo_en AS titulo,
					descr_en AS descripcion,
					fecha
					
		, (SELECT img.file_name as file_name
		FROM lexington_images_noticias img
		WHERE img.parent_id = main.id
		ORDER BY img.orden ASC
		LIMIT 1) AS img
					FROM lexington_noticias main
					 WHERE fecha <= '2025-02-13' 
					ORDER BY fecha DESC
					 LIMIT 0, 6 
2025-02-13T15:57:35+01:00sql0 ms
	SELECT id, fecha,
					titulo_en AS titulo,
					descr_en AS descripcion
					FROM lexington_noticias main
					WHERE 1 = 1
					 AND id = 11
					
					ORDER BY fecha DESC
                    LIMIT 1
					
2025-02-13T15:57:35+01:00sql0 ms
SELECT parent_id, file_name FROM lexington_images_noticias WHERE parent_id = 11 ORDER BY orden
2025-02-13T15:57:35+01:00sql0 ms
	SELECT file_name, art.id AS aid
					FROM lexington_images_articulos img
					JOIN lexington_articulos art
						ON img.parent_id = art.id
					WHERE art.clave = 'noticias'