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Spaniards prefer to purchase real estate rentals
Published: 07/09/2015
Collapse of the real estate market in Spain, the number of properties owned by the continuously declining, and by 2013 it reached the mark of 77.7% of the total number of houses and apartments, while the percentage of rental housing was 15.4%. In the past year the situation has changed, and the number of objects in the property has increased to 78%, while the share of rent fell to 14.9%. Relevant data were provided by the Bank of Spain. Experts explain such a decrease of preferences entrenched Spaniards, who are more likely to acquire property, than to eat him.
Against the background of these trends Alfa Inmobiliaria Agency experts have noted that since last summer the purchase of housing have become increasingly interested in the young Spaniard. This applies particularly to the population aged between 30 and 38 years, are currently rented accommodation and have an unlimited employment contract.
"After nearly seven years of continuous reduction of the purchase price of the real estate has become more affordable option than renting. Many buyers offer their flats owners purchase their rented accommodation. Furthermore, anyone who has at least minimal savings, know that bank deposits offer an extremely low level of profitability; in addition, banks began to actively issue loans, "- said vice-president of Alfa Inmobiliaria Jesus Duque.
On the development of the rental market much talked about since the beginning of the crisis. Relevant policy and adheres to the Spanish government. One of the most significant steps in this direction was the abolition of tax exemptions for property owners. In addition, the plan of the state budget for 2016 envisages a number of measures to restore the buildings and the urban development of the market rental housing.
However, some experts believe that this dynamic in a few years could lead to even greater social inequality. "Serious problems begin as the population ages. The purchasing power of pensioners will decline, as well as their numbers. With such developments in 20-30 years for those who do not have housing property, will come hard times" - warns Duque. According to him, due to the alignment of the future presence of the real estate will be the privilege of only the middle and more affluent citizens.
In turn, the former chairman of the now defunct National Society rentals Alejandro Inurreta assured that "the acquisition of the house has always been a real value to the Spaniards." According to him, in Spain there is a kind of complex associated with the lease. "Buying a home has served for many people, a pension fund or a guarantee of future for their children and grandchildren, but I hope that things will change," - concluded Inurreta.



                    
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