Posted by mmmadmin on May 18, 2017 in News
In the first quarter the price increased by 5.9% and 9.5% year-on-year The average rental price in March is € 7.93 / m2 per month The price rises in 14 autonomous communities on a quarterly basis and all year-on-year Barcelona is the most expensive municipality to rent a house in March The average price of housing for rent in Spain increased by 5.9% in the first quarter of the year and puts the price in March 2017 at € 7.93 / m2 per month, according to the latest data from the Real Estate Index photo house This quarterly increase in the price of rental housing continues with the trend that has reigned in 2016, with widespread increases in the price of rental housing. “Rental prices are rising strongly because demand is much higher than supply, especially in areas with greater economic, tourist and demographic activity. Month by month we see how in communities like Catalonia, Madrid or the Balearic Islands the distance with respect to the maximum prices reached in 2007 and 2008 is shortened and, in some cities of these zones, the price of the square meter has already reached the maximum previous to the Crisis, as is the case in Barcelona, ”explains Beatriz Toribio responsible for studies of fotocasa. In fact, the increase registered in this first quarter of the year is the most pronounced in the history of the Real Estate Index since the first quarter of 2007, when the price increased by 4.9%. Since then, the quarterly rental price had only fallen, with some exceptions in specific quarters in 2011 and 2014. In 2015 the quarterly rental price started to rise, with increases of 2.8% and 1.5% in The first and second quarters respectively, a trend that continued during 2016, with the exception of the third quarter of 2016, when prices fell -2%. On a year-on-year basis, the rental price increased 9.5%, the most dramatic increase ever recorded in the entire history of the Real Estate Index, which dates back to January 2006. In addition, in the first quarter of the year the rental price increases in 14 autonomous communities on a quarterly basis and all year-on-year. “Despite the reopening of the credit are still many Spanish who are forced to rent before the impossibility of being able to afford the purchase of a home because of their economic and labor situation. And in addition, in fotocasa appreciate that there has been a change of mentality in our country in favor of the rent that is also being noticed in the market, “adds Toribio. Since reaching the maximum price in May 2007 (€ 10.12 / m2 per month) the price of housing has accumulated a drop of -21.7%. In this sense, only three autonomous communities registered falls above -30% since reaching the maximum price five years ago. Thus, Aragón is the community that has seen the lowest rent (-38.7%), followed by Castilla-La Mancha...
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Posted by mmmadmin on May 18, 2017 in News
Mortgage Statistic data published by INE for the month of February reflect a 2.7% fall in the mortgage concession compared to the same month of the previous year, the first one recorded in the last seven months. According to Beatriz Toribio, responsible for studies fotocasa this fall should not set off alarms because “the consolidation of mortgage finance is already a fact. Downgrades like the one we know today are typical of the normalization to which all the parameters that revolve around the mortgage market. “In 2017 will continue the good moment that the financing lives, but it should not be forgotten that the year has started with an increase of the mortgage loans and a tightening in the conditions of the same is expected as a result of the last judicial judgments that affect The banking sector, “as the Bank of Spain said yesterday in the ‘Bank lending survey’. “But today, it is expected that all this will have a limited effect on the good progress of financing, which is essential for the recovery of the sector,” he concludes. Read...
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Posted by mmmadmin on May 18, 2017 in News
In Spain, buying a house for rent now offers a return of 5.7% Galicia, the Basque Country, La Rioja and Castilla y León are the least profitable communities offering Hospitalet de Llobregat, Córdoba and Málaga are the most profitable municipalities Barcelona is one of the most populated municipalities less profitable while last year it was in the middle part of the table. Acquiring a property in property to put it in rent is every year more profitable. This is evident from the analysis carried out by the real estate portal fotocasa from the latest data on the price of housing for sale and rent of the month of March. These data show that, on average, the annual profitability that can be obtained in Spain from a property purchased to be subsequently leased is 5.7%, while in 2016 it was 5.3%, in 2015 it was 5.2%, in 2014 it was 5% and in 2013 it was 4.8%. By communities, Catalonia, Madrid, the Canary Islands and the Balearics are the most profitable to buy a home and put it on rent . Thus, Catalonia offers a return of 6.6% (compared to 6.1% in 2016 and 5.4% in 2015), followed by Madrid (5.9% compared to 5.6% in 2016 and 5.2% in 2015), the Canary Islands (5.9% compared to 5.6% in 2016 and 5.5% in 2015) and the Balearic Islands (5.8% compared to 5.6% in 2016 and 5.2 % 2015). It is striking that in just one year Madrid has gone from being the fourth most profitable community to climb to the second position. “With the current context of low rates and the volatility of markets, these high returns explain that investors are betting on the purchase of housing to put in rent against the low ratios offered by deposits and funds. This market has still a long way to go in Spain, a country mainly owners who, little by little, is opening to the culture of rent as a consequence of the economic, sociodemographic and labor changes that Spanish society is experiencing, “explains Beatriz Toribio, Head of Studies at fotocasa. Most profitable communities to buy a home and put it on rent (compare 2017 vs 2016 vs 2015 vs 2014) Galicia, the Basque Country, La Rioja and Castilla y León are the Spanish regions that offer the lowest profitability, namely 4.1%, 4.7% and 4.9%, respectively, while in 2014 they offered a return of 3.9% and 4%, respectively. Hospitalet de Llobregat, Córdoba and Málaga are the most profitable municipalities Read...
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Posted by mmmadmin on May 18, 2017 in News
This is the highest quarterly increase recorded in a first quarter since 2007 The price of housing is increased in 13 autonomous communities The price rises in 18 districts of Madrid and in all of Barcelona The price of second-hand housing in Spain rose by 0.9% in the first quarter of the year and puts the price, at March 2017, at € 1,664 / m2, according to data from the Real Estate Index fotocasa . It is the sharpest increase recorded in a first quarter of the year since 2007, when the price increased by 1.6% . In fact, in 2016 all quarters increased the price of second-hand housing, with the exception of the second quarter. “For the sixth consecutive month the index recorded in March an annual rise in prices reflecting the cost of housing is normalizing after a deep crisis. But this recovery is occurring by areas, as while Madrid, Catalonia, the islands and neuralgic points of the Mediterranean coast record price increases, much of the country continues the numbers red, “explains Beatriz Toribio responsible for studies of Photo house Quarterly evolution of the price of second-hand housing The second highest year-on-year increase in the last ten years On a year-on-year basis, the price of second-hand housing in Spain increased 2.2% and is the second highest year-on-year increase since August 2007, when the price rose 2.7%. In fact, last February was the highest year-on-year increase of the last 10 years (3.2%). In addition, in March, the sixth consecutive increase in terms of year-on-year variation is recorded. “The messages about the recovery of the housing market that are launched from part of the sector, are filling the population and so we see that the offer prices show slight increases compared to previous years. It is true that the sector is reactivating, but has not yet recovered and there are still many risks that haunt the sector, such as bulky housing stock, lower population growth or precarious employment, “adds Toribio. The price of housing in Spain reached its historical peak in April 2007 with a value of € 2,952 / m2. Since then it has accumulated a decrease of -43.6%. The communities that experienced a major fall from the highest are La Rioja, with an accumulated decrease of -56.1%, Castilla-La Mancha (-52.5%), Navarre (-52.4%), Aragon (-52% ), Murcia (-50.2%), Comunitat Valenciana (-47.6%), Catalonia (-46.6%) and Asturias (-46.1%). Read more...
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