Posted by mmmadmin on Nov 15, 2017 in News
The data of the Mortgage Statistics published today by the INE corresponding to the past month of August pick up a rise of 29.1% in the concession of mortgages on houses with respect to the same month of the previous year. “The consolidation of mortgage financing has been one of the key elements of the recovery of the sector. But since the beginning of the year, the different statistics that measure the health of the sector have intensified their rhythm and confirm the good moment the sector is experiencing, “explains Beatriz Toribio, head of Studies of fotocasa. “We hope that this recovery that the market is experiencing will not be truncated by the political crisis we are witnessing in Catalonia,” he adds. Toribio remembers that, despite these bulky increases in mortgage lending, we are still far from the levels of the boom years, and he insists that those who are about to sign a mortgage should take into account that “the mortgage context can change in the medium term, since the current level of low interest rates and historical lows of the Euribor will not be permanent, as evidenced by the fact that the ECB will reduce its stimulus policy starting in January. “ In addition to the upward trend in rates suggests that it will be necessary to see “how the new mortgage law is and what conditions it has for banking, because if the entities consider that they will obtain less benefits with the sale of products mortgages, the granting of credit may suffer, “he...
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Posted by mmmadmin on Oct 20, 2017 in News
In Spain, acquire a rental property currently offers a yield of 5.7% Galicia, the Basque Country, Asturias and La Rioja are communities that offer less profitability Hospitalet de Llobregat, Alicante, Elche and Las Palmas are the most profitable municipalities Barcelona is one of the least profitable towns while last year stood in the middle of the table Acquire home ownership to put rent is becoming more profitable year. This follows from the analysis by the real estate portal fotocasa from the latest data from the price of housing for sale and rent in September. These data show that, on average, annual returns that can be obtained in Spain of a property bought to put it later on rental basis is 5.7%, while in 2016 it was 5.3% in 2015 was the 5.2% in 2014 was 5% and 4.8% in 2013. By communities, Catalonia, Canary Islands, Madrid and Murcia are the most profitable to buy a home and put it on rent. Thus, California offers a yield of 6.6% (from 6.1% in 2016 and offered 5.4% of 2015), followed by Canary (6% versus 6.1% 2016 5, 4% 2015), Madrid (5.9% versus 5.6% 2016 and 5.2% of 2015) and Murcia (5.9% versus 5.6% and 5.1 2016 % in 2015). “Confidence in the residential market has returned and the high returns offered right now rent are making large but also small investors are betting on home purchases since neither the bag nor the public debt or deposits offer a return of 5-6%. YIELDS 2017 v 2016 v 2015 v 2014 Galicia, the Basque Country, Asturias and La Rioja are the Spanish regions offering lower returns, namely 4.2%, 4.8%, 5% and 5.1%, respectively. Hospitalet de Llobregat, Cordoba and Malaga are the most profitable municipalities Analysis Fotocasa also provides performance data of 20 Spanish municipalities with more inhabitants. Thus, the study shows that Hospitalet de Llobregat (6.1%), Alicante (5.7%), Elche (5.6%) and Las Palmas (5.6%) are the most profitable municipalities buy a home and put it on rent. At the other end, A Coruña (3.9%), Barcelona (4.2%), Vigo (4.4%) and Bilbao (4.5%) are the least profitable municipalities to buy a home, as the price of resale flats is not falling at the same pace as in other municipalities and the rent is more balanced compared to sales. In this regard, draws attention to Barcelona in 2016 was ranked 10th among the most profitable municipalities and in 2017 ranked No. 19, ie, it is one of the least profitable municipalities to buy a home and put it on rent. “The fall of profitability in Barcelona is explained by the strong price increases, growing at a rate of almost 20% compared to last year and rent stabilization. Still, a yield of 4.2% is very interesting especially when you consider the high demand for rentals in Barcelona and its reduced offer. Yields 2017 V...
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Posted by mmmadmin on Oct 19, 2017 in News
INE’s real estate transaction data for the month of August reflect a year-on-year increase in home purchases of 16%, reflecting the good performance of the sector. “The residential market is giving clear signs of growth thanks to the good progress of the economy, the consolidation of mortgage credit and the return of confidence in a sector that has been reviled for years and now again arouses interest. This higher demand is moving to prices which, according to the latest data from Fotocasa, grow at a rate of 4.8% compared to last year. This is the highest increase recorded by our history since May 2007, when prices rose 5.4%. From August data, Toribio highlights the advance of new housing, which grew 21.3% year-on-year compared to 14.9% for second-hand housing. “The reactivation of the real estate market has brought an increase of the purchase on flat and of the activity promoter, which will serve to alleviate the shortage of new housing offer, which becomes more evident in the big cities,” he adds. “In 2017 the new housing will recover part of the protagonism lost during nine years of consecutive falls”. There is already almost unanimity in the sector that will end the year with more than 500,000 operations of purchase and sale, a fact that would confirm the improvement of the real estate market” but “is still far from the levels of activity of the years of the boom, when they were closed to the month around 108,000 operations compared to the 40,000 that are now...
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Posted by mmmadmin on Oct 19, 2017 in News
The price of housing increases quarterly in 12 communities Interannually, the price increases by 4.8%, the largest increase since May 2007 The price of second-hand housing rises in all districts of Madrid and in eight of Barcelona The price of second-hand housing in Spain is 1.3% higher in the third quarter of the year and puts the price at € 1,716 / m2 in September 2017, according to data from the Real Estate Index fotocasa. The increase in this third quarter of the year is the fifth consecutive that has registered the real estate index fotocasa. Thus, the price of second-hand housing began to increase quarterly just a year ago, in the third quarter of 2016, with an increase of 0.9%, and since then has not stopped growing quarterly. “The real estate sector has taken a lot of strength since the beginning of the year and that is shifting to prices, which are registering increases that we did not see since the years of greater splendor of the sector. But we must not forget that we come from very low and because of that, these increases are so high and not all areas are experiencing this recovery with the same intensity, since the activity is concentrating on large squares, “explains Beatriz Toribio , responsible for Studies of fotocasa The highest annual variation is recorded since May 2007 On a year-on-year basis, the price of second-hand housing in Spain increased by 4.8% and is the highest year-on-year increase recorded in the historical real estate index since May 2007, when the price grew by 5.4%. In addition, this is the twelfth consecutive increase in year-on-year changes. And since last October 2016, the year-on-year change has continued to increase, reaching 4.8% in September 2017. 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 -41.9%. The communities experiencing a major fall from the highest are La Rioja, with an accumulated decrease of -56.9%, Navarre (-54.1%), Castilla-La Macha (-51.9%), Aragon (51.6% %) and Murcia (-49.7%). read...
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Posted by mmmadmin on Sep 14, 2017 in News
The price of housing increased by 4.9% in August, the biggest rise since May 2007 (5.4%) Baleares (16.2%) and Catalonia (11.6%) communities most interannual increase the price The price of second-hand housing stands at 1,708 € / m2 in August Zaraut in the Basque Country is the most expensive city to buy a second-hand housing In Madrid the price increases in 19 districts and seven climbs Barcelona The average price of resale property in Spain is in August at 1,708 € / m2 and recorded an increase of 4.9%, the biggest annual rise recorded in the last ten years, according to data from fotocasa real estate portal. It was in May 2007 when a similar increase this month, namely the price rose 5.4% yoy was recorded. August this year increase is also the eleventh consecutive recording the Real Estate Index fotocasa. Compared to year increase by communities, the price rises in 12 of them. The sharpest increase is in the Balearic Islands (16.2%) and Catalonia (11.6%), the only communities climbing with values above 10%. Followed Canary (5.6%), Andalusia (5.4%), Castilla-La Mancha (4.7%), Madrid (4.2%) and Extremadura (3%). “The housing market is seeing activity levels not seen for ten years as a result of the improving economy and employment ago, as well as a return of confidence in the sector. As a result of all this are rebounding prices, although they do so at a very different pace depending on the area of the country . However Toribio recalled that “despite the bulky growth in number of mortgages, purchases and prices, the sector is still far below those of the years of greatest splendor industry levels.” As for the monthly increase in August price rises by 0.5% compared to July and also it increases in 12 regions Balearic the head with bulkier monthly increase, namely 1.4%. Read...
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Posted by mmmadmin on Sep 14, 2017 in News
Data relating to real estate transactions last July released today by the INE, reflecting an annual increase in house sales of 16.8%, reflecting the good performance of the sector. Beatriz Toribio, responsible for studies fotocasa, “the real estate industry is experiencing one of its best moments after the sharp adjustment has lived. The prospects are very good in the medium term, as growth is sustainable and is consolidating, although at different rates depending on the area , “he says. Proof of this is that the regions where a greater number of sales transactions recorded are Andalusia, Catalonia and Madrid, according to the areas where real estate index fotocasa- prices move between 4 and 11% “The housing market recovery is a reality, but it is not homogeneous although more and more provinces recorded increases in purchases and prices , ” explains the head of studies at fotocasa. “Improving the economic situation, employment and consolidation of funding are the reasons that this sector has returned to take hold , ” he adds. “But that recovery will be slow and moderate because the sector tends towards normalization” and therefore we find declines in the number of purchases and sales operations, such as that recorded monthly INE data released today. Toribio insists that despite “good prospects now offers the real estate market, the level of activity, prices and mortgage lending far that recorded in the boom years, which is positive for sanitation and industry standardization” he concludes. Read...
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