Sales Forecasts Predict Increased Sales and Price Growth

For the first quarter of 2025, the majority of real estate agencies predict that the acquisition of new homes for sale will continue in the positive direction seen over the last few quarters. 55% of agencies expect to capture more homes for sale, while only 12% predict lower acquisition expectations. Another 26% expect to capture the same number of properties.

In terms of home sales, over half (56%) of agencies anticipate selling more properties, while 12% believe they will sell fewer homes this quarter. Another 29% expect sales to remain in line with previous periods.

Regarding price expectations, 49% of respondents believe prices will rise, 44% expect prices to remain stable, and only 3% anticipate a decrease. 4% were unsure.

The Real Estate Sensitivity Index for sales (ISIc) stands at 72.5 points for the start of 2025, marking the third-highest figure since the series began in 2018. The index has surpassed 70 points only six times, including throughout 2018 and again at the end of 2024, when it reached 70.8 points.

Uncertainty in the Rental Market with Stable or Rising Rents

In the rental market, new supply to meet the high demand appears to be lacking, and the situation remains uncertain. 24% of agencies expect to capture fewer rental properties, while another 24% anticipate an increase in supply, and 23% believe they will see the same amount of rental homes. Nearly 30% of agencies surveyed report that they are not capturing properties for rent.

The trend in rental contract closures mirrors this, with 26% expecting to maintain the same pace as previous months, 25% forecasting more rental agreements, and 24% predicting fewer deals over the next three months. These figures show slight improvement compared to the previous quarter.

However, when it comes to rental prices, opinions diverge: 45% of respondents expect rents to rise, 43% think they will remain stable, and only 3% foresee a decrease. 10% of respondents chose not to comment.

Meanwhile, the Real Estate Sensitivity Index for rentals (ISIa) has remained in line with recent quarters, rising slightly to 60.8 points—almost 12 points lower than the sales index—and the highest it has been since the second quarter of 2023.

About the Real Estate Sensitivity Survey (ESI)

Idealista has conducted this survey since late 2017, involving real estate experts from across Spain. The study measures the level of satisfaction and expectations in both the housing sales and rental markets, using a 100-point scale where 100 represents maximum positive sentiment and 0 represents complete dissatisfaction.

If you are part of a real estate agency and would like to participate in the expert panel for the Real Estate Sensitivity Survey (ESI), please contact your idealista representative to receive the quarterly survey.