housing

Valencia feared that the housing market sink into the areas devastated by the DANA. The opposite has happened

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The Dana that He hit the province From Valencia in October it was so violent, it caused so many damage and affected so many people, that in the real estate agencies of the area they feared that the market was upside down. “It was thought that it was going to sink into the most devastated areas,” Recognize The sector. Reality has been another. The region has not only maintained The tension Between supply and demand suffered before the Dana, but has added an extra factor: Damage who suffered hundreds of households. The Association of Real Estate of the Valencian Community (ASCival) has published A report It helps to better understand how the market has responded. “We saw that the demand was strong”. Nora García Donet, president of ASCival, acknowledges that the market response after the Dana has even surprised the sector. After the rains they feared a puncture in the market, but reality has been quite different: the demand remained high while the offer (which in many cases was already subject to intense pressure before disaster) It was marked by the loss of households razed by rain and mud. “In the first moments it was thought that the market was going to sink into the areas most devastated by the Dana, but soon we saw that the demand was strong in a context in which many homes had been inoperative, and this trend is the one that has been maintained over time,” Donet points out. That equation has ended up moving to another key element: prices. A percentage: 18%. The report Ascival provides a fundamental fact to understand the drift of the market: the price of housing has increased by 18% in the municipalities hit by the DANA. More specifically 18.8% in the sale market and 18.1% in the lease. Translated to counting and sound money that means that houses for sale in the affected areas cost 171,428 euros while the rentals are around 800. The provinces has deepened Something else and calculates that a floor for sale in the towns razed by the downpours has increased, on average, about 32,000 euros. In the case of homes for rent, the price increase would be at 145 euros per month. All compared to the values ​​of seven months ago. What is the reason? The same that usually causes price increases in normal conditions: the imbalances between supply and demand. In Your study Ascival indicates a growing decoupling between both both in the sale market and in the rental. In the first case, the association calculates that the demand for houses for sale has shot 22% while the offer has fallen by 31.3%. In the second case, that of the Property Market to lease, the demand has shot 27.1% with the offering supply (38%). “Little more than six months after the devastating consequences of the DANA, the real estate situation in the affected municipalities follows the same trend of price and demand and contribution trend and contrition of the housing supply as in the rest of the Valencian territory,” Point out As a conclusion the Asicval report. That reality is verified by the region’s own agencies. More than half (54.3%) ensures that the supply of housing for sale has decreased and almost 90%(87.5%) have noticed price orange blossom. 58% also believe that there is more rental demand, while 96% consider that the supply has been maintained or dropped. The role of the Dana. The report It does not detail to what extent the increase can be related to the effect of the DANA or its influence on supply and demand, although it does slide some interesting data. The main one is that most people interested in buying or renting a house in the affected municipalities are locals. This is perceived at least by the agencies, which also ensure that customers do not seem especially interested in knowing whether or not the properties are in flood areas, but they do prefer apartments in height buildings. The tension in the market is not new, nor has it emerged after the October disaster. In 2024 Idealista published A report in which he already pointed out that the district with the greatest pressure in the demand for housing in Spain was in the Central-Horte de Trenor area, in Torrent. During the last months the house It has become more expensive Also in the whole of the province of Valencia, not only in the areas affected by the DANA. What the torrential rains did was sweep hundreds of homesdamaging them or leaving them temporarily uninhabitable. Image | Manuel Pérez García and Estefania Monerri Mínguez (Wikipedia) In Xataka | An old dream is injured in Barcelona: the idea of ​​”a house for a lifetime” without fear of move

With housing for clouds, Spain had never won so much with rentals

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If we talk about housing, Spain has always been a country of owners. Twenty years ago the percentage of households that resided in a house in its name It was 80%compared to just 9.5% rented (at market price). Things have changed since then. While families residing in their own homes remain a large majority, lease He has gained strength. That demand increase, added to tourist rental boomha Turned prices In recent years, especially in big citiessuch as Madrid or Barcelona. That reality has had an effect Beyond the market, in the rent of Spanish households: profits related to real estate has reached a record level. What does that mean? That those who pay income do so more expensive than everbut those who charge them have seen how their profits grew so much that, together, the country’s households had never entered so much through that way. The (Great) Footprint of the Rentals. The increase of rentals and The increase of tourist housing has not only tension the real estate market, deriving in protests such as those summoned to early April in dozens of cities in Spain or the famous “Key Revolution” held in October 2024. Its effect has also been clear elsewhere: the pockets of the landlords. Those who charge income, either for the rent of a home, a place or a garage, has seen how that source of income for their own domestic economy He shot In just a few years until reaching records. In fact, household revenues for that reason are in its highest level Since at least 1995. A percentage: more than 90%. The data is interesting for several reasons. First, because we usually think of large investment funds when talking about rent, the reality is that more than 90% of the properties that are leases as habitual housing and market price are in the hands of individuals. Natural persons. No societies or vulture funds. In fact, societies are owners of 8%. He reveals it The Bank of Spain in a recent report with data from 2021. The second reason is that in Spain they receive income from the rental of properties More than three million of people. A figure: 31.5 billion. If we can have an exact idea of ​​how much it ascends and what this huge flow of income related to the rental of properties, from houses to premises or garages, is thanks to the Tax Agency and its collection reports. In latestpublished recently and whose content has analyzed eldiario.es, it is revealed that last year the profits by leased real estate amounted to 31.5 billion euros. That is the fact of what homes perceive. To him would be added what they perceive through companies. It is the largest data of the historical series published by the Tax Agency, which dates back to 1995 and that except for some exceptions (for example between 2019 and 2020, coinciding with the pandemic) has maintained an ascending curve. As a reference, in 2023 the gross income of households related to the lease of real estate remained slightly below 29,600 million. If we look at 2008, he added 16,123, which has almost doubled since then. Gross household income (millions of euros) 1995 2000 2005 2010 2015 2020 2024 Furniture capital 18,156 11,948 14,749 22,710 15,842 14,801 30,767 Leased properties 5,980 8,087 12,027 16,485 17,881 22,680 31.504 Patrimonial gains 2,452 11,619 24,808 10.507 13,320 18.122 28.818 Total capital income 26,588 31,654 51,584 49,701 47,043 55,602 91.089 Does the report relieve anything else? Yes, that this increase has consolidated the rental of real estate as the main capital income in Spanish households. What does that mean? For fiscal purposes, capital income is the income achieved thanks to assets such as investments, properties sold or rents, among others. In 2024 the latter (rentals) added 31,504 million euros, while the furniture capital remained at 30,767 and the heritage earnings in 28,818. That the first has climbed so much is not just due to the market or the rental boom. The Treasury himself has narrowed the siege to the tourist rental, which has made homes that were rented without declaring have emerged in the eyes of the Treasury. Why is it important? Because it was not always the case. In 2008, Spanish households entered 16,123 million through the lease of real estate while Furniture capital (Bank accounts, bonds, titles, etc.) generated about 22.7 billion. Coinciding with the increase in income via rent, Eldiario precise Another curious circumstance: rentals, furniture capital and heritage gains (surplus value of homes or shares) represent just over 10% of the total homes of households. It did not happen since 2008. The main homes of households remain those associated with work, which last year exceeds 753.4 billion euros. The income of the companies and other concepts complete the general photo exceeding 57.3 billion. What tells us about the sector? That the income of the homemade grows up is interesting in themselves, but it is still another symptom of the situation of the real estate market. Its increase coincides with the increase in rentals (of more than 90% in the last decade, according to The data of the idealist portal), The boom of the tourist floors and an increasing In record time. At the same time and given the difficulties in saving, achieving financing and becoming a owner, the rental option is gaining weight as a vital option. The INE estimates that in 2021 15.9% of households They resided in rent. In 2011 that percentage was two lower points (13.5%). Interestingly, a very similar figure, 15.5% of households, had second residence, which places them in the group of potential families that become homemade. Images | Nicolas Vigier (Flickr) and Joan Ggk (Flickr) In Xataka | Idealist has calculated the “effort rate” of the Spaniards to pay the rent. The panorama is not encouraging

Europe is so desperate for housing that there are already people asking for rehabilitating factories like houses

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More than the progress of the economy, unemployment, emigration, politics or corruption. If there is something really We are worried To the Spaniards, something that takes away our dream, is housing. The CIS says it in Your latest barometerbut it is something that is perceived in the street: only a few weeks ago tens of thousands of people mobilized in almost 40 cities to show their discontent anger precisely because of the escalation in the price of houses, with rentals Beating records and the cost of m2 Nailing with the values ​​prior to the real estate bubble. With that backdrop (which It is not exclusive from Spain) There are those Believe That part of the solution to the housing crisis is right before our noses: the thousands of square kilometers of unused industrial areas distributed throughout Europe. “Urban Regeneration”. Proof that housing worries, in Spain (and many other countries), is that every time studies, comparative and statistics are published that either put the thermometer to the sector or venture to propose solutions. Does A few months It was done by the Systemiq company with a report that insists again and again on the potential of the “Urban Regeneration” To alleviate, at least in part, the housing problem of Europe, where prices in cities They have climbed until hinder access to homes. And what does “urban regeneration” understand? “Transforming infra -utilized land and obsolete buildings into compact and dynamic places to live, work and do business,” he explains The study Before stressing that it is “a strategy that could relieve the housing crisis in Europe and at the same time revitalize its cities.” That last nuance is not accidental. The company recalls that it grows above all the interest in housing located in urban environments, which leaves cities in the face of the challenge of finding the ground with which to cover the demand. A fact: 19,000 km2. Systemiq’s study is just that: a study. With their biases, strengths and weaknesses. However, it is interesting to approach an approach that over the last years It has sounded In the sector and even big promotions residential And it is among other things because it provides some illustrative figures. According to the authors of the report, in Europe there are approximately 19,000 square kilometers of “abandoned industrial land” and between 200 and 300 km2 of offices “available for conversion in attractive areas”. All this, the firm recalls, while in Europe you seek precisely new developments. “The demand for housing in dynamic cities is booming, just like that of mixed and alternative spaces, such as coexistence developments or new types of work spaces,” The technicians add of system. Enough for more than 10 years. “The appropriate locations for urban regeneration could satisfy most, if not the totality, the demand for new buildings provided in Europe for the next 10-15 years and would save cities about 20% of the planned infrastructure costs,” The report abounds. Its authors even throw themselves with some calculations and projections in the future, although without specifying how they get to them. In his opinion, “a fraction” of that wide area, around 300 square kilometers of empty offices and commercial premises and between 1,000 and 1,500 km2 of “vacant lots”, to meet the European land demand for a decade or decade and a half view. The key would go to allocate to spaces for housing and commerce. The report It also estimates that during that same period a total considerable investment would be reached that would be around four or six billion. Is it a new proposal? No. The country appointment For example, a 2024 JLL manager report that identifies 20,529 km2 of wasteland in Europe that could be used for that purpose. “His analysis suggests that the re -urbanization of a small part of those lands in the region would create between 713,750 and 1,247,500 new homes,” Comment to the newspaper Laura Nolier, from the Ginkgo firm. A few years ago the organization Habitat for Humanity He also performed A study in which he explored the potential of empty spaces to face the lack of housing. As remember The Archdily Specialized Website, Habitat technicians chose the United Kingdom as a pilot study area. His study ended up locating about 7,000 commercial and businesses in England, Scotland, Wales that were in the hands of local authorities and carried out without use for more than a year. Only empty office spaces could be transformed, according to their calculations, in more than 16,000 residential units. Commercial disuse spaces would give for 3,500. Beyond the theory. Not everything is theory. There are public administrations and promoters who have already opted to give a second life to empty buildings. In recent years, both inside as Out of Spain They have converted into homes office buildings, quarters, temples, Factories of different guys either Wineries that they have ended up reopening like luxury residences. Any initiative has even gone further by raising the transformation of an entire industrial zone into a residential area, as is the case In Vallecas PuenteMadrid. Are all advantages? No. Urban regeneration projects or give a second chance to industrial spaces and offices for homes to also face challenges. Both urban and architectural, normative and bureaucratic. In fact there are projects that directly They stay along the way and others end with a questionable result, such as Terminus Housein Essex, a rehabilitated office building as a block of floors. For frustration of his tenants, he ended up with tiny apartments and away from basic services. Opportunities and challenges. “A change in land use may imply urban impact studies, municipal approval and compliance with specific regulations. Depending on the city, there may be restrictions,” warns in The country Juan Antonio Gómez-Pintado, of the promoter Corporation Vía Agora. To those challenges are added the licenses, certifications, the need for technical studies, the possibility that the soil is contaminated and, the case, the adaptation of constructions that were originally thought for residential use. Another key … Read more

The housing market in Malaga is becoming such a drama that neither good salary engineers can rent

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In Malaga a curious dichotomy is being given. The city has become a International Technological Pole and business successful model. However, after that brilliant facade of innovation, a worrying reality is hidden: many qualified engineers and professionals cannot afford rent a house in the city. This technological boom is generating a housing crisis that is expelling the architects of Malaga progress. Malaga Techpark: You can die of success. The Andalusian Technology Park (Málaga Techpark) or PTA, is an example of success that has put Malaga on the international technological map. According to data provided by PTAin 2024, the park reached record figures with 27,940 jobs and a turnover of 4,181 million euros, which represents a growth of 21% compared to 2023. The arrival of renowned technology companies, such as Google, and the future IMEC installationa World Vanguard Microelectronics Research Center, consolidate Malaga as an innovation pole. The housing problem. This technological expansion has attracted new talent from everywhere and Malaga has become an attractive place for entrepreneurs and startups. Despite economic growth and job creation, Malaga faces a serious housing problem. Rental and purchase prices have shot in the capital of Malaga, according to data from the real estate portal IdealisticIn 2017, the price of housing in the city of Malaga was around 1,590 euros/m2, while currently 3301 euros/m2. Only for 2024, the price has increased by 21.4%, making a housing at a reasonable price It is difficult for many professionals. Even well paid. As Felipe Romera, general director of the PTA, said in An interview For the local newspaper Malaga todayis also affecting professionals with good salaries, being a stumbling block to capture and retain this new talent that is reaching Malaga. Expelled from Malaga. As in many other large cities in Spain, this real estate problem has led many of these workers to look for alternatives in surrounding towns to Malaga, increasing real estate pressure on these areas and generating mobility problems in the access roads to the new technological infrastructure. Romera described this situation as a “city failure”, where economic success is expelling its own citizens. The lack of affordable housing threatens to undermine Malaga’s appeal as a technological center. Telework and transport. Given this panorama, teleworking and the improvement of public transport are presented as possible solutions to relieve pressure on housing in Malaga. Teleworking allows professionals live in more affordable areas no need to move to the city daily. However, for this option to be viable, it is necessary to have a good Internet connection and quality services in peripheral areas. Romera pointed out that the improvement of public transport was also a fundamental aspect to facilitate the mobility of technological workers who live outside Malaga to avoid the dependence of the car to go to the work center. These measures could contribute to reducing housing demand in Malaga and relaxing real estate pressure. Malaga is not an isolated case. The problem of accommodation for its workers is not exclusive to Malaga. Other areas with strong economic growth, as IbizaThey are also experiencing similar housing crisis in which the price of housing is affecting talent collection. Although employment offers are attractive, high rental prices make Do not be profitable For employees. The City of Malaga and the Junta de Andalucía are aware of the housing problem And they are taking measures to address it. Projects are being promoted Social Housing Construction and land are being reclassified to increase the offer. However, these projects take time to materialize due to the labor shortage that the sector already lives the complexity of administrative procedures. In Xataka | If the question is whether tourist floors take the price of rentals, we already have the answer: more than 30% Image | Unspash (Jonas Denil)

Austin has managed to lower the price of housing in full world crisis. One of your keys: build a lot

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It doesn’t matter if it is the US, Europe or Asia. Where there is a tensioning real estate market, with upward prices and families forced to spend more than advisable In your rent or mortgages the question is always the same: how to lower prices or at least moderate them? Is there a formula that allows cutting the ascending spiral of €/m2? In Austin, Texas, they have succeeded. And to a large extent the key has been a clear commitment to the construction of new housing. The full photo, yes, is much more complicated. What do the figures say? That Austin, capital of Texas, the Tenth city With more US population, it has managed to reduce the cost of their home. It arrives with checking some sources to check. According to UNLOCKS MLS, in January the average sale price in Austin’s metropolitan area was 4.7% lower a year ago while the national trend at the close of 2024 was the opposite, with a price increase 6%. Redfin also confirms an interannual decrease 3.1%in the price of the square meter (m2). News Week It has echoed some luxury residences of the city that have strongly reduced their prices. In August He spoke of an average drop of 7.23% in the prices of the new constructions, with some properties reduced to 31.33%. In January he cited a mansion that had reduced its price 50% And in February he cited a similar case with a decrease 30%. Why is it important? In general, experts who analyze the Austin real estate market speak, if not drop in prices, yes at least of “stability”. What is not bad if two factors are taken into account. First, what The latest data From the Federal Financing Agency (FHFA) show the cost of the house has risen on average in the US, with a 4.5% rise between the fourth quarter of 2023 and the same period of 2023. The second key is that the last falls connect with those already registered in recent months. Just a year ago Wall Street Journal (WSJ) He informed That, if compared to the maximum values ​​reached in 2022, prices had fallen in Austin more than 11%. No other US metropolitan area has seen the house more cheaper during those years. As for the rental cost, the newspaper pointed to a 7% drop in just one year, again a record fact on the US urban map. Today it is estimated that they are already lower 22% to those of August 2023. Is there more data? Yes. Months later, at the beginning of autumn, Business Insider He put the thermometer again to the capital of the capital of Texas and found that housing prices had fallen even more clear with respect to 2022 peaks. At that time the Freddie Mac company placed the drop by 14% and Zillow in 18%. It may sound like a catastrophe for the real estate market, but the truth is that, despite these falls, the prices of houses and apartments in Austin were maintained above the levels prior to the pandemic. A year ago Moody´s calculated that were still 35% higher than what would be expected by the local economy and the most recent analyzes of Redfin either NORADA They corroborate that today the M2 in the Texan capital is still more expensive than in 2019. And what is the cause? Better talk about causes, in the plural. If Austin has managed to cut the price escalation of his real estate market and that the houses and apartments are cheaper is thanks to a sum of factors in which the commitment to new promotions is combined, the overconstructionthe increase in mortgage loans and the demographic dynamics of the city. To understand it, it is necessary to go back a few years ago, to A very different scenario in which prices grew at a good pace. What period do we go? To the last decade and the years prior to the pandemic, when the promoters and buyers of Austin faced a very different panorama: an escalation of prices that, according to Some estimatesled to the average cost of an house in the metropolitan area increased by 63% in a decade, from 2010 to 2020. WSJ It goes further And it points to an increase of 60% in just a couple of years, just during the pandemic, far exceeding the increase in income. These percentages are explained above all for one reason: the imbalance between supply (scarce) and demand (high). After the financial crisis of 2008, housing construction had been placed while the Austin area stood out at the national level for the growth of its population: 33% in a matter of a decade. Only between 2020 and 2022 his census office scored A 5.3% rise. The reason for that boom? Among others and dynamics of the pandemic apart, the commitment of companies such as Oracle, Tesla or Elon Musk himself and Your interest For the Texan State. That there were large companies making the bags to move to Austin was no accident. Beyond its environment, it was attractive at the regulatory and tax level. The problem is that this growth further brushed the real estate market, making prices fire. And how did the city answer? Building. A lot. Lot. And fast. Texas It usually presumes From its construction sector and in Austin it took muscle. Animated by demand, upward prices and changes at the regulatory level That they made the promoters easier, the Texan capital saw how its market entered into boil. It arrives with review some data to understand it. Only between 2020 and 2022 plans for tens of thousands of new homes of all kinds. Business Insider Remember that if in 2022 more than 3,000 new properties each month came to the market, the following year the figure already exceeds 5,000. It is estimated that Austin’s housing park gave a stretch of More than 8% In a few years, including both single -family houses and apartment and … Read more

Valencia faces a serious problem with housing. So someone has had an idea: build more height

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Tecnocasa recently published A report in which the thermometer to the Spanish real estate market, a theoretical exercise that allowed him to obtain two revealing data: in just one year the demand for housing has grown up on average 39% In Spain while the offer undertook the opposite road, retreating more than 9%. The result is a tensioning market, in which the floors last a few weeks or days (even hours) announced in real estate agencies before finding tenant or buyer. In Valencia, an idea has emerged to alleviate that problem and reinforce its public housing offer: allow buildings to gain height, a formula with which they calculate that the city could win More than 70,000 floors protected What happened? That in Valencia has been on the table An idea New to reinforce your housing park. At least the protected housing. A few days ago the Socialists proposed in the City Council of the City Council to retouch the local ordination (PGOU) so that the city buildings grow to the top. Literally. His idea is that the blocks can raise one or two plants their height. The plan He advanced it The country Wednesday, before the commission; But from the PSPV they recognize that he did not obtain the necessary support, so at least for the moment he will stay in that, an idea about the table to face the housing problem. “The PP has rejected our proposal”, Explain The socialist mayor Elisa was worth. Click on the image to go to Tweet. What have they raised? “Raise buildings to gain public housing”, summarize The PSPV of Valencia. The idea is simple: modify the PGOU to upload the city blocks one or two levels. The socialist group has already made accounts and calculates that if an extra plant was added to all buildings, 86,644 homes would leave, a large residential park also distributed throughout the municipality. As part of these constructions are protected by their heritage value or are located in Valencia neighborhoods in which height cannot be gained, the PSPV has retouched that initial figure, but the result remains considerable. “If we subtract 20% for understanding that in the historical centers and protected buildings you will not be able Explain Valía to The country. That (more than 70,000 new floors) is the figure that PSPV presumed this week in networks, where he claimed that his proposal “would avoid expulsion and uprooting.” Why such a measure? The PSPV plan is focused on the creation of protected housing (both for rent and sale) in a territory that dealt with the offer shortage and the price increase. In January the Polytechnic University of Valencia (UPV) published A report that helps to understand much better The situation From the capital of Turia: in five years the prices of the new work have triggered about 80% and the offer was reduced by 83%. Things have not been better in the rental market, which became more expensive. “What we have before us is a tsunami of epic dimensions and all administrations must act in a coordinated, effective and quickly, The director explains of the Chair of the UPV Housing Observatory after remembering the forecasts at the state level. “We estimate that more than 80% of the current demand fits in the public protection house, so the determined commitment to the construction of this type of housing is strategic.” And how do you want to do it? The PSPV proposal is not entirely new and there are other cities in which they have already been activated similar solutionstaking advantage of the ‘Flight Law’. In Valencia the idea is that it is the communities of owners themselves that can promote the ‘stretch’ up the buildings with one or two extra plants. The resulting floors would be added to the Public Protection Housing Park, which among other things would allow it to extend it to “consolidated neighborhoods”, Valía points out. The PSPV plan also includes an extra advantage for neighbors communities. In a city with an aged real estate park, in which A notable percentage From the houses it has more than four decades, the communities of neighbors would obtain from the extra buildability some resources that would allow them to modernize their blocks. Are there more cases? Yes, Valencia is not the only one that has been fixed in that formula. In Barcelona, ​​licenses have been granted to lift floors that increased the buildability of existing buildings. In 2017 it was estimated that in just three years they had benefited from that possibility (the traces) about thirty buildingswith licenses for 120 floors. Madrid too It has varied Over the years the maximum height of its buildings and the Balearic Islands leave another recent example. Palma already added in September 70 requests of buildings to grow in height and add 589 floors of limited price. Images | Jonny James (UNSPLASH) In Xataka | The price of housing in Spain is already higher than in the bubble peak. But the data has a small trick

The price of housing in Spain is already higher than in the bubble peak. But the data has a small trick

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That Spain has A problem With housing it is no novelty. Even so, it is interesting to find data that specifies to what extent it has been complicated to access a house in this country. The Property Registrars they just disseminated one that results especially valuable And it shows that those who want to buy an apartment today meet the highest prices of the historical series, even above those of the 2007 real estate bubble. However, it is convenient to handle those figures with perspective. Prices above 2007. The real estate market is in full Price climbing. That also does not suppose any surprise and can be seen in the ascending curves that have been showing for a long time graphics like those of the idealistic portal. This week the College of Registrars published A report That leaves an extra, more interesting reading. The sustained price increase has led to the average housing price has reached in Spain “A new historical maximum”overcoming the values ​​that were handled in 2007, before the real estate bubble. According to the data collected by the registrars, the average cost during the last quarter of 2024 stood at € 2,164/m2. Table of the study of registrars on the evolution of the price of housing. Going down to detail. The dossier It allows to delve even more and check for example how the new and ‘second -hand’ housing housing market is responding, which has accumulated from afar the largest volume of sale operations. In fact, almost 637,000 transactions Scored by the professional body throughout 2024, just over 505,000 were starring used properties, 6.4% more than the previous year. The new house left ‘Solo’ 132,000 sale, although that data reflects a considerable increase with respect to 2023, of 21.6%. As for prices, at the end of 2024 the square meter of the release was charged on average to 2,338 euroswhile that of the already used properties was quoted at 2,133. In the first case the price exceeds that it was handled between 2006 and 2007, before the brick bubble exploded. The same does not happen with the second -hand housing, which although it has been more expensive, it would still continue slightly below of those prestisis values. Prices with small print. The study of registrars of Spain effectively shows an average price of housing in historical maximums, above of the 2007 level, but the big question is … does that mean that the houses are more uninquerable today than before the real estate bubble? To answer that question, you have to take into account the difference between the nominal valuesthat measure the current prices of each moment (in this case 2024) and The real onesin which the effect of inflation is taken into account. A few days ago, after the publication of the registrars dossier, Doctor of Economics Daniel Fuentes He warned in x which shows nominal prices, with which the comparison between 2007 and 2024 has 17 years apart. And its inflation. The nuance does not remain value to the report data, but it should be taken into account if comparisons are made with the prices prior to the 2007 brick crisis. Click on the image to go to Tweet. More perspectives. In fact, registrars are not the only ones who have published more or less updated information on Spanish real estate market prices. In April 2024 the Bank of Spain launched A report in which it clearly reflected the differences between nominal and real values. According to their calculations, in 2023 the average housing prices had been recovered since 2014 with a nominal revaluation of 56%; But in terms of real revaluation that rise was much lower, of 30%. What does that mean? That in the first case the prices of 2023 were about to exceed those of 2007 (they were 2% below); But in the second, taking into account the real values, the average of 2023 was still 28.5% lower at 2007. The indicator Tinsa Imie (monthly real estate market index) December It also shows that, although the values ​​have grown clearly, the general indicator It is still below of the scored in 2007. Graph of the Annual Report of 2023 on the housing market in Spain. Graph of the Bank of Spain on the evolution of the price of nominal and real housing. Evolution of the price of housing in Spain reflected in the October October report. Different situations. That current prices approach or exceed those of 2006 and 2007 also mean that the current scenario is the same as that of the years prior to the brick crisis. “The demand after the bubble was speculative, the one now is demographic,” says Fuentes In your tweet. During A talk with The country Santiago Carbó, Professor of Economic Analysis, also ruled out a crisis similar to that of the bubble. The reason: the great current challenge of Spain is the mismatch between supply and demand, rather than indebtedness, as was the case then. The problem, Carbó aboundsis that finding affordable housing becomes “increasingly difficult” and it will be difficult for the measures taken by the Government to let their effects feel this year or even the next one. “The incorporation of thousands of floors to the market would be needed to relieve this tension, and that requires years.” Is there more? Yeah. The study of the registrars allows to know three other factors equally interesting: the differences between regions, the number of signed mortgages and the weight of foreign buyers. With regard to the first issue, that of the lags between communities, the report shows that disparate realities coexist in the Spanish market. For example, while Madrid led the cost of the house, with € 3,780/m2, in Castilla-La Mancha and Extremadura that average did not even reach the € 1,000 barrier. The weight of the foreign buyer … and the banks. The report also shows that the vast majority of purchases are made with bank financing. Throughout the last quarter of 2024, 124,000 … Read more

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