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What state is now the housing market?
Keep in mind that at this juncture weigh many factors. The latest is the recapitalization of the savings associated with mergers, capital increases, etc.. On the other hand, is the state of the labor market where unemployment is expected to remain above 20% and the evolution of the economy which calculates a slight improvement from the third quarter of 2011.
Is there then more falls in the prices of the apartments?
The price developments will depend largely on the area where houses are located. Right now we are seeing month decline of 0.5% and 1% so far this year, representing a relatively moderate drop. While provincial capitals such as Madrid, Palencia, Santander, Jaén and Cádiz and recorded a positive trend in prices, according to the latest data for February handle. By contrast, in Ourense, Ávila, Teruel, Cáceres, Guadalajara, Pamplona, Cuenca, Pontevedra, Alicante and Tarragona flats prices recorded falls of more than 3%.
What could not constrain prices anticipated a rise Euribor?
It does not have an impact in a fall in house prices because for those who are called upon is for the buyer.
A few days ago "The Economist" published that housing in Spain is overvalued by more than 40%
That statement is an atrocity. Housing in Spain has been lost since the end of 2007 by 20% and it is impossible to fall another 40% extra. This drop is too broadly. Of course there are houses, and certain areas where the floors do have to register this fall but is not widespread.
How has the purpose of the deduction for income exceeding 24,000 euros?
This tax change increased the sale of homes but not as much as expected because the length of the 24,000 euros is not the majority among the Spanish population. Curiously, in the regions where most transactions increased last year, Madrid and Basque Country, are what have kept the deduction. In addition, we noted a major boost before the summer as a result of the VAT hike. In any case, we can not believe the change will be a drought of operations in 2011 as a deduction is not a decisive factor for the demand. Many experts advocate eliminating this assistance because in their view, encouraging speculation and price artificially more expensive homes. In the end what determines the purchase is the present and future financial situation of individuals.
When will the housing market stability?
The normalization property is a slow process but in any case I think it is prolonged over a period of 15 years as some reports suggest. This estimate is an outrage and I think we could see stability in a period of 3 to 5 years. Respect to the business, the promoters are going to analyze all the variables before developing a promotion, the risks will be reduced and greater priority given to other businesses rather than the estate.
What future do you see the brick Spanish?
The immediate future goes through a cleaning companies in the sector, both as developers and real estate construction. At the time of boom companies sprang up like mushrooms in the business. So the industry is characterized by a deep professional with adjusted price. Things will be providing more quality and value. For example, providing turnkey homes, furnishing the apartments, with high quality materials, providing automation ...
The housing deduction is not a decisive factor for the demand. Many experts advocate eliminating and that in his opinion, encouraged speculation and artificially more expensive price. In the end what determines the purchase is the present and future financial situation of individuals And in terms of purchases? Development reported Monday that 491,000 homes were sold in 2010, 5.9% more.
We believe that the trend will continue upward and we believe that the transactions will be placed on the average of 400,000 homes this year.
What advice would you give to an individual who wants to buy an apartment and another who wants to sell?
The buyer will say that there are great opportunities in the market. I recommend you negotiate prices and to analyze the seller to know what your financial situation to get a better deal. And especially do not miss good opportunities because they only last three or four weeks on the market. Prices may fall a bit more but not worth the wait if the house you like. The sale price is an issue and houses that are lowered by 20% sold. My recommendation is to announce his house to publicize the content property.
How can you reduce stock unsold floor?
Betting on marketing channels online; Holding real estate fairs in Spain and abroad, seeking new forms of expertise such as cooperatives or housing for singles, etc.
How does the role of banking?
The role of institutions is crucial in terms of mortgage financing because it can not close the transactions. Although it is developing a restructuring process, the entities can not discriminate between the houses that they own and which are not yours. Must have a fair credit and banker must also adapt their products to new market.
Keep in mind that at this juncture weigh many factors. The latest is the recapitalization of the savings associated with mergers, capital increases, etc.. On the other hand, is the state of the labor market where unemployment is expected to remain above 20% and the evolution of the economy which calculates a slight improvement from the third quarter of 2011.
Is there then more falls in the prices of the apartments?
The price developments will depend largely on the area where houses are located. Right now we are seeing month decline of 0.5% and 1% so far this year, representing a relatively moderate drop. While provincial capitals such as Madrid, Palencia, Santander, Jaén and Cádiz and recorded a positive trend in prices, according to the latest data for February handle. By contrast, in Ourense, Ávila, Teruel, Cáceres, Guadalajara, Pamplona, Cuenca, Pontevedra, Alicante and Tarragona flats prices recorded falls of more than 3%.
What could not constrain prices anticipated a rise Euribor?
It does not have an impact in a fall in house prices because for those who are called upon is for the buyer.
A few days ago "The Economist" published that housing in Spain is overvalued by more than 40%
That statement is an atrocity. Housing in Spain has been lost since the end of 2007 by 20% and it is impossible to fall another 40% extra. This drop is too broadly. Of course there are houses, and certain areas where the floors do have to register this fall but is not widespread.
How has the purpose of the deduction for income exceeding 24,000 euros?
This tax change increased the sale of homes but not as much as expected because the length of the 24,000 euros is not the majority among the Spanish population. Curiously, in the regions where most transactions increased last year, Madrid and Basque Country, are what have kept the deduction. In addition, we noted a major boost before the summer as a result of the VAT hike. In any case, we can not believe the change will be a drought of operations in 2011 as a deduction is not a decisive factor for the demand. Many experts advocate eliminating this assistance because in their view, encouraging speculation and price artificially more expensive homes. In the end what determines the purchase is the present and future financial situation of individuals.
When will the housing market stability?
The normalization property is a slow process but in any case I think it is prolonged over a period of 15 years as some reports suggest. This estimate is an outrage and I think we could see stability in a period of 3 to 5 years. Respect to the business, the promoters are going to analyze all the variables before developing a promotion, the risks will be reduced and greater priority given to other businesses rather than the estate.
What future do you see the brick Spanish?
The immediate future goes through a cleaning companies in the sector, both as developers and real estate construction. At the time of boom companies sprang up like mushrooms in the business. So the industry is characterized by a deep professional with adjusted price. Things will be providing more quality and value. For example, providing turnkey homes, furnishing the apartments, with high quality materials, providing automation ...
The housing deduction is not a decisive factor for the demand. Many experts advocate eliminating and that in his opinion, encouraged speculation and artificially more expensive price. In the end what determines the purchase is the present and future financial situation of individuals And in terms of purchases? Development reported Monday that 491,000 homes were sold in 2010, 5.9% more.
We believe that the trend will continue upward and we believe that the transactions will be placed on the average of 400,000 homes this year.
What advice would you give to an individual who wants to buy an apartment and another who wants to sell?
The buyer will say that there are great opportunities in the market. I recommend you negotiate prices and to analyze the seller to know what your financial situation to get a better deal. And especially do not miss good opportunities because they only last three or four weeks on the market. Prices may fall a bit more but not worth the wait if the house you like. The sale price is an issue and houses that are lowered by 20% sold. My recommendation is to announce his house to publicize the content property.
How can you reduce stock unsold floor?
Betting on marketing channels online; Holding real estate fairs in Spain and abroad, seeking new forms of expertise such as cooperatives or housing for singles, etc.
How does the role of banking?
The role of institutions is crucial in terms of mortgage financing because it can not close the transactions. Although it is developing a restructuring process, the entities can not discriminate between the houses that they own and which are not yours. Must have a fair credit and banker must also adapt their products to new market.
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