Looking closer, the current crisis has widened the gaps between the different Spanish provinces and the real estate market is now more heterogeneous than ever. One thing seems clear, not all the provinces are equal when it comes to how the covid crisis is affecting their real estate market and while some see their situation improving, others on the contrary, see the selling time getting even longer.
In some provinces (Teruel, Palencia and Zamora) it now takes over a year to sell your property while other provinces are below the 4.5 months mark (Granada, Madrid, Barcelona y Zaragoza) and have even in some cases such as Granada improved the selling time compared to 2019.
Looking at the province’s capital cities where the demand tends to be higher, the dynamic follows the province one within the top 5 of the cities where the properties are sold in the shortest time: Granada (2,2 months), Barcelona (2.7 months), Zaragoza (3 months) followed by Valencia and Madrid (both at 3.1 months).
Barcelona comforts its position as one of the main cities in Spain where properties rarely stay long on the market even in times of Covid. With this in mind, now more than ever, property buyers moving forward with the search of their perfect flat need not only to be fully prepared for it but as well have the time needed to be on top of their search and not let the perfect place escape them.