Thursday, March 4, 2021
Home Residential What Has Chan...

What Has Changed (and What Hasn’t) in the Housing Market Post-Covid

The Valuation Institute points out that the health crisis has not changed the profile of buyers, who are still predominantly looking to reposition themselves, but the financial conditions have altered.

Possible price decreases, together with the recovery of the sales and mortgage indicators, may incentivise home purchases for those people with sufficient financial capacity and job stability, given the tightening of the requirements for accessing credit.

One of the obstacles is precisely the credit restrictions “conditioned by the effects of the 2008 and 2012 crises, which means that financial institutions are increasing the credit quality standards of borrowers”, say sources at the Valuation Institute (IV), which has carried out a post-pandemic analysis of the market.

Read the full article in Spanish.

B-Exclusives

New Build Home Prices in Madrid Grew by 11% in 2020

The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.

Who Are the Construction Kings in the Balearic Islands?

Ten of the major real estate companies, including Taylor Wimpey, Metrovacesa, Aedas and Vía Célere, are going to deliver nearly half of the almost 2,500 homes that are scheduled for completion on the islands this year, according to Brainsre.

The Lowdown on the Decrease in Rental Prices in Madrid Post-Covid

The price of rental homes in Madrid has decreased for the third consecutive quarter, although the average asking price still exceeds 1,200 euros per month, according to Brainsre.

Ranking of Property Developers in Barcelona By Number of New Homes They Plan to Complete

Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.

Latest news

The Balearic Government Begins the Expropriation of Homes From Large Owners

The temporary expropriation of 56 homes owned by banks and corporates will cost the Government 40% less than their market prices.

The Government Includes Rental Price Controls in its Sustainable Development Strategy

The text, which puts the coalition partners head to head, has been prepared by the Vice Presidency of Pablo Iglesias and presented to the Council of Ministers.

Vía Célere Finalises a €250 Million Bond Issue

The property developer is working with JP Morgan to issue a five-year 250 million euro bond issue; meanwhile, Neinor and Aedas are planning to follow in its footsteps.

Starwood Puts Up For Sale an Office Building in 22@ for More Than €60 Million

The American fund has put up for sale a building spanning 13,000 square metres in the 22 @ district of Barcelona, which is leased in its entirety.