Mortgage forecasts 2024
Perspectives and Trends in the Real Estate Market

In an environment as dynamic and subject to a variety of influences as the mortgage environment, making accurate forecasts is no easy task. However, there is sufficient evidence to suggest that in the latter part of 2023 and through 2024, house prices are likely to moderate.


In fact, data provided by the Spanish Land Registry shows that during the first quarter of 2023, a 1.5% decrease in property values was recorded, marking the second consecutive quarter of decline.

One aspect to bear in mind is mortgage interest rates. These may fluctuate as central banks and economic conditions change. Forecasts suggest that rates will remain low. This provides opportunities for affordable financing and could continue to drive housing demand.

The digitisation and automation of mortgage processes will continue to play a crucial role in 2024. The mortgage industry is undergoing a significant transformation as lenders and financial institutions seek to streamline and simplify every stage of the mortgage process. This automation in processes translates into faster processing of mortgage applications.

In addition, technology allows mortgage applicants to have more direct access to the details of their application, including interest rates, terms and associated costs. This means that buyers can make more informed decisions and better understand the terms of their mortgage. This 2024 will reduce the need for paperwork and facilitate communication between buyers, lenders and estate agents.

Sustainability and energy efficiency have become increasingly top of mind for homebuyers and, as a result, are also influencing mortgage policies. Looking ahead to 2024, there is a growing focus on sustainable housing finance, including the possibility of preferential interest rates for those who choose to purchase environmentally friendly properties.

Financial incentives aimed at improving energy efficiency in housing are also gaining prominence. These incentives can include tax credits, insurance rebates, and specific financing programmes for home energy efficiency improvement projects.

Adaptability in mortgage terms will emerge as a key feature of the 2024 mortgage landscape. Buyers will be increasingly likely to seek mortgage loans that allow them to adjust to changing circumstances. Flexibility in mortgage terms is emerging as an element that gives buyers greater control over their investment and financial health by adapting to their evolving needs.




As a result, it is too early to say with certainty exactly where the housing market will be heading in 2024. However, so far, the trend suggests that no significant changes in house prices are anticipated. Despite the uncertainty surrounding the economic outlook, there are factors that suggest some stability in the real estate sector for the coming year.

One of the most promising signs for prospective buyers is the likely reduction in interest rates. This would open a window of opportunity for those looking to access a mortgage, as monthly payments could become more affordable.

NCalma Homes