The past year has confirmed the start of a new cycle in the property market in Spain and the end of the crisis that began in 2007 and reached a tipping point in 2013. Based on the analysis of the market, the company has identified a list of Aliseda Inmobiliaria trends in real estate in 2016.
1. The most active will be sold to the secondary objects
Due to the reduction of runoff property associated with insufficient new construction, existing home sales figures in Spain are far ahead of similar performance in the new segment.
2. The most popular will be a three-bedroom apartment
The greatest demand will occur precisely at such facilities, particularly on the part of buyers for permanent residence.
3. Foreigners will be the main customers who buy a second residence
The interest of the public in the summer of foreign real estate in Spain was particularly pronounced during the crisis, and this trend continues to this day. 65% of the objects of this type in Spain to buy the citizens of other countries. As for permanent housing, 95% of the objects, on the contrary, become Spaniards.
4. Improvements in the field of financing and recovery in domestic demand
Easier access to credit contributes to issue new loans. Due to this in 2016, sales of real estate in Spain may rise by 15-20%.
5. Price stabilization
In general, the market tends to stabilize prices after several years of decline, but still persists in some provinces more than the volume of unsold stock, so that prices will decline further. The cost of land is another important indicator of recovery, grew up in the country's major urban centers, including Madrid, Barcelona and the Costa del Sol. In addition, this situation is beginning to spread to Alicante, Cordoba and the Basque Country.
6. Spain remains a country of owners
The Spaniards still prefer to buy housing rentals. Perhaps in the future, this dynamic will change and come into line with European trends.
7. Housing as an investment
Acquisition of real estate is an important part of the Spanish philosophy of life: thanks to the current legislation of the owners feel more secure.
8. In the cities to resume construction
In 2015, the number of building permits increased by 20%, and in 2016, this dynamic can be maintained due to the large number of potential buyers. In the segment of new housing may appear about 80-85 000 new sites.
9. Will increase the number of development projects
By sraveniyu pre-crisis period, when the number of building permits reached the mark of 750,000, the current figure stands at 50 000. However, it is expected that they will grow: in the near future, these figures could rise to 200,000 a year under construction.
10. Youth will get a major role in the market
Due to the economic crisis, young people have lost more than others in the field of access to housing. At the moment they are most interested in buying property in Spain, and in the future they will get the main role in the sector.
