The real estate market shows signs of recovery, but it is still early to talk about a hard reset of the sector. Faced with the prospect of a rise in prices, many analysts and experts point out that the amounts will stabilize in the current year (as the Institute of Economic Studies, linked to the body said CEOE) and that in the coming years even could produce 'sudden' increases if the improved economic conditions lead to a recovery in the labor market. For many homebuyers arises, then, a question inevitably: is this the time to buy a home? Is there a risk that they do not re-register such low prices?
This is not the opinion of the consultant RR Acuña & Associates, which holds that housing prices still have ample setback: in his "Statistical Yearbook of the Spanish property market 2014" I expect prices to continue to decline in a range of between 5% and 7% annually over the next three years. Overall, the drop in prices will rise to 21%, which is in addition to lowering properties that have experienced since the bursting of the housing bubble. According to statistics of the Ministry of Development, the housing prices have fallen by 30.56% from the highs of 2008.
The most significant reason is, according to the president of the consulting firm, Fernando Rodríguez y Rodríguez de Acuña, the remaining unsold. Acuña is probably the expert believes that this 'stock' has a higher weight: consider that there are still 1.7 million unsold homes, although their distribution throughout the Spanish territory is uneven.
Acuña & Associates believes that in areas with higher population density and demand for second homes, such as Madrid, Alicante and Malaga the "stock" will be removed in the next two or three years. The influence of foreign demand for housing and the gradual improvement of the conditions for granting of credit will be sufficient to sustain the recovery in the sector, according to this society. How the rise of trades in recent months then explain? "Sell that sells cheaper," explained the head of Acuña, quoted by Ep.
Instead, Yes there was a slight "change in trend" which has allowed it to begin to correct some of the Spanish property market imbalances (such as mortgages), but all signs point to "very slow" reduction "stock" and thus, a recovery in slow motion in the long term.
The study expected in 2016, to rebound until operations 332,000 operations. Meanwhile, awards and payments in the fall to 59,000. Meanwhile, the remainder of unsold homes will be reduced by 155,000, to the 1,572,000 homes.
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