Intermoney | New home sales rebounded in March to 693,000, well above the 668,000 expected, but coming on the back of a downward revision of February sales by -25,000 (662,000). The point is that an acceleration was seen in quarterly terms with a March average of 667,000. For the moment, the housing sector looks set to remain a headache for the Federal Reserve. It is true that the supply of…
Bankinter: Housing Transactions fell by 15.6% in December year-on-year against a drop of 15.1% previously. Analysis: The decline in transactions is mainly due to higher mortgage financing costs. The decline in transactionsis expected to continue to accelerate, reaching -20% between 2023 and 2024, although prices are holding up surprisingly well.
Alphavalue / Divancons| Home sales and purchases recorded a 15.1% drop last November compared to the same period last year, to a total of 46,888 transactions, their lowest figure for this month since 2020, against a backdrop of higher interest rates. These figures put the annual cumulative fall in transactions up to November at 9.3%. By type, 19% of the dwellings transferred by sale and purchase were new and 81%…
Alphavalue | The average price of used housing in Spain rose by +0.8% month-on-month in November to 1,831 euros/m2, according to Idealista’s latest real estate price index. In the major capitals, the price increased by +0.3% in Barcelona and fell by the same amount in Madrid (-0.3%) compared to the previous month. If we look at the year-on-year figure, the national average price has increased by +3.5%: housing in the…
NEW YORK | By Junheng Li at Forbes via Caixin | The assumption that China’s housing market is out of control ignores many facts, most importantly that homeowners are not deeply indebted.
LONDON | Ambitious property buyers hoping to pick up a European bargain despite economic turbulence pose a challenge to forecasts of a never-bottoming peripheral real estate market. The ongoing sovereign debt crisis is doing little to deter home buyers as Spain and France remain the firm favorites for those seeking to buy a place in the sun, currency specialists HiFX said on Tuesday. Its Property Hotspots Report crowned France and Spain as the top…