The founding partner of Proddigia, Kristian Johansson, analyzes in our video blog today the behavior of the Sant Cugat residential real estate market during the third quarter of 2022. Specifically, he shows us: highlighted data, main causes of the increase in prices and neighborhoods where they have increased or decreased housing prices.
Highlights for the third quarter of 2022 in the Sant Cugat real estate market
We highlight the following data regarding the Sant Cugat residential market:
– This is a solid market with rising prices.
– The total number of sales registered in the first two quarters of 2022 was 540, the same as in the same period last year. Specifically, according to data from the Ministry of Public Works, the number of sales and purchases in the real estate market in Sant Cugat by quarter, in 2021 and 2022, has been as follows:
– As far as prices are concerned, they have increased in almost all neighborhoods. In particular, the largest increases have been recorded in the following neighborhoods:
Coll Favà – Can Magí -17%
– Volpelleres – 14%
– Valldoreix -14%
– Centre-Estació – 13%
– Can Matas – 12%
In other neighborhoods there have also been price increases but to a lesser extent:
Mirasol – 10%
– Golf – 5%
– La Floresta-Les Planes 2%
Causes of the increase in residential property prices in Sant Cugat
The main cause of the increase in prices in Sant Cugat del Vallés is the lack of property supply, since it has been reduced by 40% compared to what existed three years ago. There are only two neighborhoods in Sant Cugat that have seen housing prices decrease in the third quarter of 2022:
– Arxius with a -10% reduction. It is the largest drop that has been recorded among the neighborhoods of Sant Cugat.
– Sant Francesc with a decrease of -7%.
When the fourth quarter ends we will be able to give a complete picture of the year 2022 and see the market trends for 2023.
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Sources: Ministry of Public Works and idealista.com
Forecasts for the price of
housing in Sant Cugat in 2023
