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

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

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.