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January 29, 2020
The real estate market has not yet recovered the tone it had before the last regulatory reforms. Thus, despite the relatively positive determinants of demand, home sales fell in November, which did not prevent a slight rise in mortgages. Supply-side variables show weakness
July 29, 2019
Home sales lost traction in 1H19 despite positive demand determinants. At the same time, construction activity maintained its growth trend. Housing price showed an upward trend, especially for new housing. The market shows a high regional heterogeneity
April 23, 2019
In February, housing sales showed tentative progress, in a favorable context for demand, marked by increased employment and relatively low interest rates. The increase in mortgage lending was also more moderate than in 2018. The start of 2019 showed an increase in permits, with many of the determinants of construction activity being positive.
March 19, 2019
The advance of the sale of homes in January was not enough to recover the declines of previous months, despite the positive tone of the determinants of demand. The INE Price Index showed a slight moderation of growth in 4Q18. In addition, permits fell in December in a context of greater uncertainty in the sector.
August 27, 2018
There is growing concern about inequality in the developed economies. Now that we are seeing a recovery in the Spanish property sector, it is worth reflecting on the role that trends in the housing market have played and may play in widening or narrowing differences among people’s income and wealth.
February 2, 2018
The problems that are affecting the construction sector could lead to lower growth this year than we expected. The Government has been working on measures to contain these problems. We hope that its intervention will reduce the uncertainty that is affecting the sector.
January 9, 2018
Without knowing the data for the last quarter, it could be said that the balance of the real estate sector in 2017 has been positive, thanks to the foundations on which it continues to be based. The uncertainty of the events in Catalonia and some slightly worse-than-expected data will influence the evolution of the market, moderating the forecasts of growth in 2017 and conditioning those of 2018
July 19, 2017
El sector inmobiliario aportará más crecimiento a la economía en 2017. La revisión al alza del PIB en España y Europa dará un mayor dinamismo al mercado residencial, que mantiene la heterogeneidad geográfica. Actualmente, las expectativas de revalorización del precio de la vivienda y los bajos tipos de interés condicionan la elección del régimen de tenencia de la vivienda.
July 14, 2016
Decía Kant que la inteligencia de un individuo se mide por la cantidad de incertidumbre que es capaz de soportar. A la vista de las cifras de consumo, alguien podría concluir que los españoles destacan por su clarividencia y erudición.
February 15, 2016
In December 2015, 41.420 homes were sold according to the General Council of Notaries. After correcting the series of seasonal variations, sales experienced a month fall of 5.0%, which resulted in a quarterly decline of 2.8%. Nevertheless, in 2015 401.236 household transactions were closed, 8.6% more than in 2014
January 18, 2016
In November, according to data from the General Council of Notaries, 34,918 homes were sold, representing a decline of 2.5% on transactions from the previous month. However, the fundamentals of housing demand show a positive trend. As a result, transactions between January and November exceed 11.1% for the same period of 2014.
January 4, 2016
Residential demand continued to be supported by a good performance of the fundamentals, with mortgage financing and employment as particularly important drivers. Housing starts fell briefly in an environment of price stabilisation. Thus in 3Q15 prices rose, above all on the coast and in large metropolitan areas.
