Three out of four respondents in Spain value more than their usual residence has outdoor areas, according to a study by Knight Frank
 

The period of confinement has had a significant impact on the preferences of private home buyers, as reflected in 'The Global Buyer Survey', a survey carried out by Knight Frank which included the opinions of more than 700 clients of the real estate consultancy (of the of which 20% of the total were Spanish) in 44 countries.

According to the conclusions of this survey, one of the main changes in buyer attitudes refers to how, after the pandemic, they have focused their attention in a prominent way on the so-called “single-family homes”, as indicated by the fact that the 65% of Spanish respondents (compared to only 45% globally) are now more willing than before to acquire a house or chalet, while at the moment only 17% would choose a flat more than before. Although, yes, said residence would have to be in the same city where they reside (64% of those who live in Spain affirm that they would stay in the same city or neighborhood), while in the group of countries there is more mobility , since the figure drops to 40%.

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Gardens, terraces and study and work areas

When it comes to highlighting the aspects to take into account in the future purchase of their habitual residence, 74% of Spanish buyers (compared to 65% in the global survey) pointed out the importance that for them, at the moment, the outdoor areas (gardens and terraces), along with the need for these homes to also have study and work areas (as pointed out by 64% of those surveyed). Undoubtedly, this last data is, in large part, due to the fact that more than 60% of potential Spanish buyers expect to work more from home in the near future, due to confinement. The need for outdoor areas was considered a factor of special relevance also when choosing a second home for 68% of Spanish buyers.

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Low purchase budget

Regarding the budget for the purchase of a home, half of the Spanish respondents recognize that, due to the pandemic, they have had to revise it downwards, highlighting that 27% say they have reduced it by 10% or more. These figures are surely a reflection of the perception that the interviewees have about the value of the home, since 24% of buyers think that said value has been contracted between 1% and 9% of its value, while 23 % believe that this reduction is between 10 and 20%.