According to the "XXV report on the housing market", developed by Grupo Tecnocasa and Pompeu Fabra University, the real estate sector is growing again, but its level is still far from the level of the "credit bubble". The study analyzed the data of real estate transactions.
This year, the increase in the cost of housing in the secondary market amounted to 8.24%, reaching the level of 2011. Barcelona is the city where housing has become more expensive.
Professor of Economics and research coordinator Jose Garcia Montalvo said that the current real estate market is characterized by "very high polarization".
Activity is concentrated in specific places where access to housing is difficult. Despite the recovery, the real estate market is still far from pre-crisis: then the sector accounted for 22% of GDP, now - 12%.
In Barcelona, the number of transactions for the purchase and sale of real estate exceeds the average figures for the country: it is 19.7% less than in 2005 (1552 per month), while in Spain as a whole this figure is lower by 48.6% than in 2006.
Also, Barcelona is the Spanish city with the highest price per square meter of housing - € 2754. Madrid is in second place - € 1970. In addition, the Catalan capital is leading in terms of price growth, which today is 48.10% less than in 2007, when the ceiling was reached.
50.7% of the apartments sold in Barcelona for the first quarter of this year cost from € 100 000 to € 200 000. The most expensive apartments in the price range from € 200 000 to € 300 000. In the Catalan capital there are 600 residential facilities class " super-luxury ", and half of them are in Sarrià-Sant Gervasi.
Experts note that risk indicators are now at a much lower level than ten years ago, as is the loan-to-value ratio, which has fallen from 86% to 72%. Also, the percentage of mortgages with a working contract fell. Currently, the mortgage accounts for about 30% of the client's income, while during the "bubble" this figure exceeded 60%. On average, the monthly mortgage payment is now € 375.
In recent years, the share of home purchases in mortgages has increased more (66.8%) than immediately for the full cost (33.2%). Most of the clients who take out a loan for the purchase of housing are between the ages of 25 to 44 (76.69%), have a permanent work contract (80.32%) and are of Spanish origin (78.37%).
