HOUSING MARKET: Experts in Spain predict property market growth will continue to boom until 2021

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PREDICTION: Report predicts the ‘housing market boom’ will slow down from 2021. Photo: Shutterstock

A REAL estate report predicts the ‘housing market boom’ will slow down from 2021.

Prepared by the Institut de Tecnologia de la Construccio de Catalunya (ITEC), the document suggests ‘housing promotion’ will have grown by 11 per cent by the end of this year, which is down on the 16.3 per cent growth experienced in 2017.

Researchers claim the ‘deceleration’ will continue until it drops by 3 per cent in 2021.

Josep Ramon Fontana, responsible for ITEC markets, said that at the moment there are no difficulties in the sector, which ‘enjoys a good flow of projects with the feeling of the companies very positive’.

But factors, such as a ‘slow down’ in the construction of property, the longevity of financial investors will have an impact.

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