The real estate market in Catalonia during the fourth quarter of 2020 continued its recovery process after the coronavirus outbreaks and associated restrictions. 17,513 sales were registered, which represents an increase of 15.32% compared to the previous quarter. Despite this rebound, a year-on-year drop of -4.54% is observed, reflecting the persistent effects of the health crisis. Both new and used housing experienced improvements, with increases of 5.30% and 17.50% respectively.
Prices began to show the first signs of contraction, after several quarters of moderate growth. Overall, house prices in Catalonia fell by -0.28% quarter-on-quarter, although they maintained a slight year-on-year increase of 1.54%. New housing registered a year-on-year growth of 7.93%, while used housing remained stable, with a variation of -0.02%.
In the main cities, Barcelona led the sales with 2,497 transactions, an increase of 6.12% quarter-on-quarter. However, year-on-year activity showed a decrease of -26.50%, highlighting the significant reduction in sales compared to previous years.
This report reflects a gradual recovery of real estate activity in Catalonia, although prices have begun to adjust due to the contraction in demand and the prolonged impact of the pandemic.
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