El precio de la vivienda modera el crecimiento en el 2T

El dato del 2T ha sorprendido a la baja. El valor de tasación de la vivienda libre registró una clara desaceleración tanto en la tasa intertrimestral (1,7% comparado con un 3,3% en promedio de los cuatro anteriores trimestres) como en la interanual (12,5% frente al 13,9% en el 1T), superando en ambos casos nuestras previsiones (3,2% intertrimestral y 14,2% interanual). En consecuencia, el dato del 2T introduce un sesgo bajista sobre nuestra previsión para el conjunto de 2026 (13,5%).

17 September 2026

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Consumption is one of the main drivers of the Spanish economy. In recent years, it has grown at a rate of around 3% in real terms. So far, few surprises. Where profound changes have occurred, however, is the way in which this consumption takes place, particularly for certain population groups and in specific sectors. Many people still visit physical shops to see, touch and try the product before purchasing it. However, people are increasingly making their purchases through digital channels. Some, in fact, already carry out most of their spending online. Who are these digital consumers? In which sectors are they most present?