The housing market continues to move but at slower paces. According to data run by Century 21, in 2018 the average time to sell a second-hand home was 60 days, while now it takes 100. This is ensured by Ricardo Sousa, CEO of real estate in Spain, that “this is due to the mismatch that exists between the value that homeowners give to their homes and the real market reality of the respect with second-hand real estate, which entails an obvious lack of supply of homes puts the demand of the real buyer.”
In fact, these figures show the reality that prices are starting to hit roof and that to transaction activity. “In specific areas such as the city of Barcelona, the city of Madrid and some coastal security, the number of transactions is beginning and that prices have hit roof and demand has not hit those requested prices in second-hand homes and new works”.
These figures show the reality of prices are starting to touch ceiling and that to transactional activity.
While Sousa realizes that the situation for the new work market in general is different, since in markets offer the demand for new demand does not exceed the exceeds, that is why sales advance, in the promotion of promotions , an excellent rhythm”.
Although there are squares where the trend towards demeanor, Century’s CEO notes that “we continue with a demand for housing in our offices and web very constantly, without any applied”. Thus, it points out that the entry into force of the new mortgage law deferred and delayed many of the operations in the months of June and July. Despite this, our figures at the end of August are 17% for the same period in 2018. As in Portugal, the inlaw in the mortgage law seeks that the June and July numbers reflect a normal period of adaptation of consumers, banks, noarias and other sector actors to this new legal of the new mortgage law”.
Attractive exterior
According to Sousa Spain follows a destination with high demand from the international buyer and certain coastal regions have a significant weight with respect to the total respect of the transactions. While “we must bear in mind that other countries, both European and other continents, are increasing their notoriety and attracting capacity of international clients are able to invest in the acquisition of homes from their territories of their countries of their origins.” In this sense, an explanation of the sector reflects and, from the government level, the necessary measures are taken to protect the global positioning of Spain in the recruitment of this important investor, in addition to empowering it to boost different tourist regions of our country.”
In addition, the manager believes that “legal stability, especially in the rental market, is necessary to give confidence to investors and to take them through this market. It is important to take structural measures with a long-term vision for the sector in general and to housing in particular”