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The Appraisal Companies Rule Out Large Decreases in House Prices

House prices will experience moderate decreases and may even remain stable in 2020, but the recovery will be delayed and price decreases will continue into 2021, according to experts in the property appraisal sector.

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House prices will not vary significantly across the country on average in 2020 and there will not be any abrupt decreases in the short term, according to research conducted by the Spanish Association of Value Analysis (AEV). 

In fact, 50% of the experts at the valuation companies that are members of the association and other professionals in the sector that have participated in the study agree that there will be a slight decrease in prices (of less than 2%) during the second and third quarters of 2020, a very slight reduction of 0.23% in the fourth quarter and an upturn from the beginning of 2021.

SourceBrainsre
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