Economía Digital | The price of housing was growing at 3.6% a year ago and has shot up to 7.8%. The lack of supply still means skyrocketing prices Although there are many factors behind a market as complex as the housing market, the truth is that the effects of the Housing Law passed a year ago by the Government are striking: only one year later the increase in market prices…
CdM | The price of used housing in Spain has registered a rise of 1% during the month of May, standing at €2,120/m2. This figure is the record for the price of used housing in Spain, surpassing the previous record set in June 2007, according to data compiled by idealista. By Autonomous Communities, all show higher prices than last month. The Balearic Islands (1.6%) lead the increases, followed by Navarre…
The Bank of Spain reviews the main real estate measures promoted by the Government, both in the purchase and rental segments, and concludes that they could end up resulting in an increasingly smaller market with higher prices. The BdE analyses rental price controls, a measure introduced temporarily by the decree on anti-crisis measures after the Russian invasion of Ukraine but made permanent by the housing law passed in April last…
Bankinter: House Prices rise +2.1% in 2Q2023 (q/q). The Housing Price Index, compiled by the INE (National Statistics Institute), points to a slight rise in prices of +2.1% in Q2 2023 (q/q). In year-on-year terms it remains positive (+3.6% vs +3.5% previously). Second-hand housing rises +2.2% year-on-year, while new builds are up +1.7% year-on-year. Assessment: We estimate that housing prices will moderate towards a cumulative decline of -5% between 2023-2024,…
Presented in Congress by the spokespersons of EH Bildu and ERC, the agreement on the future Housing Law maintains the 2% limit for this year on rent rises, a ceiling that will be increased to 3% in 2024 to create a new reference index applicable throughout the territory before the end of next year. The CPI will therefore be eliminated as the reference index for the annual updating of rent…
Mathias Pleissner (Scope) | House prices in Europe may have peaked during the pandemic. The 10.6% price increase in the 12 months to the third quarter of 2021 may have been the final sprint. The last time prices grew by double digits was in 2017, a year before they plunged 15%.House prices continued to be driven by ultra-low interest rates, a lack of investment opportunities, historically high household savings levels…
According to the consultancy firm Knight Frank, which in its Global House Price Index has analysed the evolution of prices in 55 countries from 1Q20 to last spring 2021, in the USA, New Zealand, Canada, Australia, Luxembourg and Sweden housing has risen by more than +15%, above the average (+9.2%). Turkey leads the ranking with an increase of +29%. Spain is the market with the biggest fall in the global ranking, with a decrease of 0.9%. India is the other lagging country in the list, with a 0.5% decline.
COVID-19 will result in a slowdown in housing transactions of -35% – up to 326.000 transactions in 2020, returning to minimal levels (2012 to 2014). Home buying decisions will be postponed by 6-12 months, and some of the demand will disappear for longer, producing a temporary imbalance between supply and demand.
Housing prices in the Eurozone rose 4.1% in the fourth quarter of 2016 from a year earlier, the highest interannual increase since the third quarter of 2007, according to Eurostat data. In Spain, the average rise in prices remained at 4.4%.