Fernando González Urbaneja | Disordered thinking is one of the characteristics of the Prime Minister. It is not necessarily a mistake, since this disorder makes it easier for him to adapt to reality, to change his criteria in accordance with the Marxian principle that these are my principles but if I have to change them…. The liberality with which Sánchez handles facts, data and statistics is astonishing. For example, he…
Bankinter | Still nobody, or almost nobody, is talking about the consequences for the property sector of the new context we are facing. But it would be a good idea to do start doing just that. After a 2022 where housing prices are still going up (an estimated +5%), there should be a phase of adjustment. We are forecasting falls of 3% in 2023e and 2% in 2024e (vs +1%…
According to a report by the Bank for International Settlements, global real house prices increased by 4.6% year on year in aggregate in the first quarter of 2022. This strong growth in real terms reflected a surge (+11.2%) in nominal terms – the first double-digit one recorded since the eve of the Great Financial Crisis – partly offset by the acceleration in consumer price indices. Real house price developments continued…
Real estate investment in the first six months of the year in Spain amounted to 9,870 million euros, 80% more than in the same period last year, and the first half closed with the best data since historical records started, according to CBRE data collected by Europa Press. The retail sector (shops) led investment in this period, with a total volume traded in excess of 2,900 million euros, 8 times higher…
Amongst the measures to be approved today by the Council of Ministers, Prime Minister Pedro Sánchez has included limiting rent rises to 2%. This is against a backdrop of when, in February for example, the CPI rose by 7.6%, according to the INE. This will be a temporary measure, in principle in force until June, and will differentiate between large and small landlords. If the landlord is a “large landlord”…
Intermoney | The State plans to facilitate the promotion of 100,000 affordable rental housing units, half of which will come from Sareb, the Spanish bad bank created in 2012, other financial entities and investment funds, according to the newspaper El Economista. Secretary of State for Housing, David Lucas, said this during a real estate event. On the one hand, the Administration is in negotiations with the funds for them to…
Luís Pinheiro de Matos (CaixaBank Research) | China’s real estate sector is often described as «the most important sector in the world» because of the importance it has amassed in recent decades in the Asian giant’s growth model. We analyse how significant a role it plays in the Chinese economy and the risks of the Evergrande effect.
According to the newspaper “El Español”, the Spanish real estate market could close 2021 with 640,000 home sales, of which 75,000 units would come from the new construction market, and 565,000 units from the second-hand market, according to Colliers. Over 30% more than in 2020 and 9% more than in 2019. “2021 will be the year with the most sales in the last decade,” says Ferran Font, director of research…
The number of home sales and purchases in September is also the highest number of transactions in any month since April 2008, when sales and purchases reached 54,801.
J.P. Marín-Arrese explains in the daily Expansión that “A little over a hundred years ago, a conservative parliament validated the Bugallal decree. It froze rents, extended their validity for life and established serious obstacles to evictions, in order to stop a tenants’ strike. Compared to that measure, the one today being forged under pressure from the purple wing of the government (Podemos) pales in comparison due to its lukewarmness. The…