Tuesday, January 26, 2021
Home English Demand Falls ...

Demand Falls by Half for Second-Hand Housing but Remains Stable for New Homes, According to the AEV

Experts from the AEV's XIII Valuation Observatory believe that house prices will take at least nine months to reach an equilibrium.

View of a development in Valdebebas, a new neighbourhood in Madrid.

The freezing of sale and purchase prices, the downwards trend in rental prices, the reduction in supply and demand -with a drop of around 50% in second-hand home transactions-, and the disappearance of real estate purchases in cash, are some of the conclusions of the report published by Paloma Taltavull, professor and Head of the Department of Applied Economics at the University of Alicante.

The report is the XIII Valuation Observatory, which analyses data available until the first half of 2020, which is presented by the AEV (Spanish Association for Value Analysis) together with the collaboration of Paloma Taltavull, and a group of 21 panellists, made up of experts from appraisal companies, members of the trade association and other professionals from the sector.

Read the full article in Spanish.

B-Exclusives

Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.

The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?

The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.

Latest news

The Impact of Covid on the Real Estate Assets in Each Region

The Covid-19 pandemic has led the authorities to impose restrictive measures on the population that have had an impact on the real estate sector.

Madrid Announces Changes in the Region’s Social Housing Law

The regional government is planning to introduce certain changes in the current regulations, such as to the sale price of land used for the construction of protected homes and to increase the protection period.

The Hotel Sector Prepares to Close Sales Worth Almost €1.5 Billion

The pipeline of hotel operations currently stands at 1.45 billion euros and the year is expected to close with total investment of more than 2 billion euros, according to Colliers.

BBVA Revises Down its GDP Growth Forecast for 2021 to 5% with a 1.5% Expected Decrease in House Prices

The forecast improvement in the tourism sector is postponed until 2022, with the recoveries in the Balearic Islands (11%) and the Canary Islands (9.6%), as well as in Madrid (7.4%) and Cataluña (7.2%) boosted by European funds.