A real estate report prepared by (ITEC) the Institut de Tecnologia de la Construccio de Catalunya (ITEC) has predicted the housing market boom will continue until the year 2021. The document states that “housing promotion” is likely to grow by 11 percent as of the end of the year 2019. This forecast reflects a decrease from the 16.3 percent growth rate recorded in the year 2017. Current research predicts the decrease is likely to continue through a 3 percent drop in 2021.
Josep Ramon Fontana who is responsible for ITEC market reports stated that there are no problems in the sector at this time. The market enjoys a positive flow projects, but factors such as the slow down in property construction and the longevity of financial investors may have a negative future influence.