Despite the recovery in residential sales and a lesser-than-expected impact on prices following the end of the full lockdown, the outlook for the real estate sector remains tough.
In this way, Consuelo Villanueva, Director of Institutions and Large Accounts at Sociedad de Tasación (ST), has said that house sales will fall this year by between 20-30% with respect to last year. Sources at Asprima do not forecast drops in new home prices but point out that building permits have fallen by 30-35% on average, which will result in a halt in activity in 2021 and 2022, and in a lower supply.
Read the full article in Spanish.
