Although the corona virus, including lockdown, travel restrictions and many other rules, had a noticeable impact, it tended to slow growth rather than actually lowering property prices in Spain, according to the study. The law firm examined the development of real estate prices in all regions - comparable to German federal states - in Spain between the first half of 2019 and the first of 2020. During this period, only six regions have seen house prices fall: Andalusia, the Balearic Islands, the Basque Country, Galicia, Asturias and the exclave in Africa, Ceuta. This means that only in these regions did the price decline in 2020 offset the great growth of the boom year 2019. Contrary to the expectations of buyers and sellers, surveys do not see any drop in the price of real estate at all on the Spanish average.
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