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Real Estate Confidence Rises After Nine Quarters of Declines, Says ST

The Real Estate Confidence Index has reversed its previous downward trend, which began in the third quarter of 2018, increasing by 1.6% compared to December 2020.

The real estate sector has experienced several baseline changes in recent months. Specifically, housing prices have stabilised across the board in Spain and confidence in the residential sector has increased after several quarters of declines, according to Sociedad de Tasación.

The latest Real Estate Sector Trends Report from the appraisal and valuation firm reveals that the Real Estate Confidence Index has reversed its previous downward trend, which began in the third quarter of 2018, and stood at 42.5 points out of 100 at the close of the first quarter of 2021, a rebound of 1.6 points compared to December 2020.

However, according to the firm, this index remains below the 50-point barrier, and confidence remains relatively low. With this latest data, the index has risen for a second consecutive quarter, after having gone up by one-tenth of a point to 40.9 points since the fourth quarter of 2020.

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