Reports from the construction sector endorse a firm commitment to the use of sustainable materials, to introduce the circular economy in construction processes and more importance will be given to 3D printing. Likewise, industrialized construction will gain momentum and the design of the exterior facade of the buildings will play an important role, both at the level of reform and in the case of new construction.
Like other sectors, construction has stopped evolving in recent years. Although, until now, this process of transformation and innovation followed a slower pace than that of other industries, it is now witnessing how its priorities, methods and techniques are adapting to current social, economic and environmental needs, giving rise to to new trends that contribute to its rapid advance.
A year ago, due to the impact of the health crisis in the sector, the Superior Council of the Colleges of Architects of Spain made a small analysis of the key points that would guide the immediate future of construction and architecture, and in which it was necessary to influence and strengthen in the short and medium term. These were: energy renovation, actions linked to sustainability, greater accessibility, functional adaptation to new ways of life, work and leisure, adaptation to a progressively aging population, adaptation to current health factors and incorporation of new technologies and materials. These needs, framed within the latest national and global strategies, both public and private, have contributed to construction taking an exponential leap and 2022 consolidating itself as the year of definitive transformation.
On the occasion of the start of the new financial year, the experts at Sto, an international company specializing in the manufacture of construction systems and elements, have identified the main trends that will mark this year:
• New techniques in sustainable construction
Climate change is now one of the top priorities in the sector. This has led to construction techniques also evolving in this sense, something that will continue to mark 2022. This appearance will affect not only the construction processes, with a greater commitment to the use of sustainable material resources or the treatment of waste aa through processes inclined to the circular economy, but also in what respects the constructed or rehabilitated building, betting more on elements such as: thermal insulation, quality carpentry, sustainable materials, water saving systems, low consumption appliances, use of renewable energy…
• Reform and renovation will give the definitive impetus
The Recovery, Transformation and Resilience Plan that the Government will maintain in 2021, and the European aid that will accompany it, will promote the rehabilitation of homes and buildings. Although the various measures implemented in recent years have tried to promote this type of action due to the age of the Spanish real estate, it will be from 2022 when the sector picks up pace, learning from what other more advanced countries are doing, and adapting all their solutions to our climatic and cultural reality.
• Technological leap for greater efficiency and effectiveness in the execution of projects
In 2022, the search for techniques and methods that speed up any construction project without wasting resources or reducing the quality, safety and comfort of the building will be the key. And this is only achieved with the support of new technological systems such as BIM, a collaborative work methodology for the creation and management of a construction project, which aims to centralize all project information in a digital information model. All this, with a single purpose: efficiency in the execution of architecture and engineering works.
• Settlement of industrialized construction
Those of sustainability and digitization are placing the principles in the spotlight for new construction models such as the industrialized one, based on the automated design and manufacture of the structural and non-structural elements of a building. The benefits it provides at a social, economic and environmental level will be the basis of its success this year: optimization of production times up to 50%, cost reduction up to 20%, digitized process and automated production, reduction of the environmental impact of the construction and creation of much more specialized, safe, attractive and inclusive jobs. This model is also applicable to the entire construction sector - real estate, infrastructure...- and, although it is an excellent solution for new construction projects, it also has a place in rehabilitation.
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• Integration of 3D printing technology
3D printing applied to construction consists of a group of manufacturing technologies that allow the creation of a three-dimensional object through the successive superposition of layers of certain materials. Due to its ease in working with details, it is becoming an excellent construction method for more artistic buildings, even in constructions located in areas with changing climatic conditions. In 2021, multiple 3D printing projects have been launched, and 2022 will follow a similar trend. In fact, companies in the sector set an annual growth figure of 14% until 2027.
• Aesthetics and design, also on exterior facades
All this increased commitment to sustainability and technological innovation is not at odds with aesthetics. Just as interior decoration has gained a leading role in recent decades, the striking design of facades, both in rehabilitation and in new construction, will make the leap in 2022. In fact, it is already possible to fully customize the exterior area of a building applying different types of materials: renders (organic, mineral, silicate...), porcelain stoneware in different forms of presentation (compact, extruded, large format), ceramics of various colors and surfaces (smooth, rough, plastic...) , natural stone of different types (sandstone, dolomite...) or even with glass, in different shades and treatments.
• More flexible, multifunctional and bright spaces
The population gives more importance than ever to the spaces in which they live and work, which has caused the lifestyle of the new generations to prevail in both homes and offices. In the case of offices, with the return to face-to-face attendance, open spaces will be chosen where the space is shared with cafeteria, meeting or rest areas, to facilitate mobility. Residential architecture, for its part, will play with the notions of multifunctionality, versatility and modularity in open spaces, in order to reinvent itself in just a few moments.
An atypical year is ending, which has served to put housing back at the center of real estate activity, consolidating its strength within the financial market. The increase in the granting of mortgages and the volume of sale and purchase transactions generated throughout these twelve months has made it clear that the residential segment continues to boom. Interest in housing has been largely motivated by the refuge value nature of this asset, a feature that has taken on enormous relevance given the inflationary scenario that we are going through. In this sense, savings move towards housing, with an attractive long-term profitability. The fourth most expensive province in Spain was Barcelona (€ 2,862 / m²). Regarding the districts of the capital Barcelona, the quarterly increases were led by Horta-Guinardó (3.53%), Sarrià-Sant Gervasi (2.66%) and Les Corts (2.35%). In this period, the most striking falls were recorded by Nou Barris (-2.51%), Gràcia (-0.91%) and Sant Martí (-0.48%). Six-monthly, the districts that increased the most were Sants-Montjüic (3.38%), L´Eixample (3.35%) and Horta-Guinardó (3.02%). Sant Andreu (-3.58%), Gràcia (-3.12%) and Nou Barris (-2.43%) were the only districts that fell. From one year to the next, those that grew the most were Horta-Guinardó (4.73%), Sarrià-Sant Gervasi (3.48%) and Sant Martí (3.26%), while the area of decreases had as protagonists Gràcia (-5.27%), Sant Andreu (-4.04%) and Nou Barris (-3.65%). Sarrià-Sant Gervasi (€ 5,649 / m²), Les Corts (€ 5,338 / m²) and L´Eixample (€ 5,279 / m²) were the most expensive districts, while the cheapest were Nou Barris (€ 2,448 / m²), Sant Andreu (€ 3,073 / m²) and Horta-Guinardó (€ 3,214 / m²). And what does 2022 hold? It is very likely that house prices will continue to rise, in line with inflation, which is a wake-up call for potential buyers. If you are financially eligible to own, waiting could mean buying more expensively or not finding a bargain in your desired location. Furthermore, no radical twists are expected when it comes to European monetary policy, so mortgages will remain cheap, with the fixed rate gaining more and more ground.
The pandemic has driven Barcelona into the luxury real estate market. After a few months of sales paralysis due to confinement, the recovery is being faster than anyone could have predicted in the first months of last year.
The recovery has been produced partly by the sales that could not be closed last year and on the other hand by the capital saved during this period and with which they are rethinking improving their priorities. The market has recovered with few international buyers (they are 83% compared to before the pandemic), and that its return, when mobility restrictions are completely relaxed, will give an additional boost to the market.
In the first half of this year, sales have exceeded the levels of 2019, prior to the pandemic, in all luxury areas, both on the coast and in Madrid and Barcelona.
Despite Brexit, British buyers remained the most important group during the first quarter of the year, followed by the French. On the other hand, the markets that have suffered the most from the pandemic have been the Chinese, with a fall of 58%, and the Russian, with a decrease of 32%, since in these the purchases are more linked to obtaining the residence permit with the Golden Visa. The global drop in foreign demand has been 18%.
The Ciudad Condal occupies the fourth place with 11% of searches to buy luxury homes in Barcelona by foreigners and who have a budget of more than 1 million euros. Visits from the USA are the most frequent (14%), followed by Germany (9%), the United Kingdom (9%), France (9%) and the Netherlands (5%).
International interest in luxury homes in Spain
Many great fortunes around the planet have their eyes on the Spanish luxury market, one with homes of more than one million euros. Even so, there are some countries in which their fortunes have a special interest in Spanish luxury homes: they are mainly German, who accumulate 18% of searches for luxury real estate; British (11%), French (10%), Americans (9%) and Dutch (7%), according to a study published by idealista, analyzing the origin of searches for homes of more than one million euros.
International interest in luxury housing is mainly concentrated in 10 provinces, which account for 93% of visits to homes of more than one million euros that occur in Spain.
1st - The Balearic Islands is the favorite area for large non-Spanish patrimonies, since 29% of luxury home searches by foreigners are concentrated on the islands. The main stakeholders in luxury homes in the island province are Germans (36% of total searches from foreigners), British (11%), French (8%), Dutch (8%) and Swedes (5%).
2nd Malaga, which accounts for 16% of luxury searches by foreigners. The nationalities with the greatest interest in Malaga luxury are British and Swedish (12% in both cases), followed by Germans (9%), Dutch (8%) and Americans (7%).
3rd Madrid, with 15% of searches. Although the distribution in the capital is widely distributed, the US is the country from which the majority of visits to luxury homes in the province take place (18%), followed by the United Kingdom (9%), France ( 6%), Mexico (5%) and Portugal (5%).
4th Barcelona, with 11% of searches for luxury homes by foreigners for luxury homes (more than 1 million euros). Visits from the USA are the most frequent (14%), followed by Germany (9%), the United Kingdom (9%), France (9%) and the Netherlands (5%).
5th Alicante, which accumulates 8% of the luxury searches that occur in Spain by foreigners. The Dutch are the most active (15%), followed by Germans (14%), British (11%), French (10%) and Swedes (6%).
6th Girona, with 4% of all searches, where the French are the most interested (39%), followed by the Dutch (13%), Germans (10%), British (7%) and Americans (6%).
7th and 8th Canary provinces, which share 3% of international searches in each of them. In both, the nationality most interested in their luxury homes is German, with 26% in the case of Santa Cruz de Tenerife, and 24% in Las Palmas. It is followed by the British, with 11% in both island provinces; Italians, with 9% in both cases, and French, with 8% in both cases. Poles are the fifth most luxurious nationality in Santa Cruz de Tenerife (6%), while that position is for Swedes (6%) in Las Palmas.
9th Valencia, with 2%. The main international luxury searches in the province come from France (13%), the US (12%), the United Kingdom (11%), Germany (10%) and the Netherlands (8%).
10th Cádiz, with 2% of all luxury searches. The British are the most searching there (23%), followed by Germans (18%), Americans (10%), French (8%) and Dutch (6%).
Housing in Catalonia in September 2021 had an average rental price of € 10.91 / m2, up 6.79% compared to last year, it is the third Spanish region to increase the rental price the most in the third quarter of year: 2.90%
According to the quarterly rental price report, the typical apartment in Catalonia registered an average rental price of € 10.91 / m2 in September 2021, which represented a quarterly increase of 2.90%, the third highest in Spain . Compared to September 2020, the rise was 6.79%, the highest national rebound. Monthly, it grew 0.93%, the second highest in the country.
Catalonia was the third autonomous region with the most expensive monthly payment for tenants, behind Madrid (€ 12.42 / m²) and the Balearic Islands (€ 11.38 / m²). For its part, rental housing in Spain had an average price of € 9.81 / m2 in September 2021. This figure marked a monthly rise of 0.82% and a quarterly increase of 1.87%. Year-on-year it was down -1.38%.
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