"Now it will be more profitable than ever buy new work to take advantage of the profitability of the lease. "This is the opinion of Solvia, who sees newly built housing as a good investment opportunity in view of the expectations of a lower adjustment in valuation than in the second-hand residences.
Real estate experts forecast a decrease in the value of second-hand properties of between 10% and 15% until the end of the year. At the moment, during the first quarter of 2020, there has been an increase of 2.7% in the price of these homes and a drop in transactions of 16.3%, according to data from the National Institute of Statistics (INE) and the Ministry of development.
The rebound in the prices of new housing has been more pronounced, with a rise of 6.1%, but from Solvía they trust a stabilization of prices that causes a less pronounced adjustment at the end of the year. Regarding the sale and purchase operations, the new construction properties have registered a more moderate decrease of 8.4%, below 16% registered by the real estate sector as a whole.
"In new construction, the most likely is that demand will continue and the price will stabilize," the statement said in the statement. general director of Solvia, Gregorio Martín Montalvo. In his opinion, "the reason is that the product is getting better and better and right now it is perfectly adapted to the housing requirements that are being demanded the most."
NEW HOUSING NEEDS
The two months of confinement have generated new housing needs in the population, which is now looking for larger homes, with more rooms and open spaces such as balconies, terraces or gardens, in addition to good orientation and greater energy efficiency. Many of the second-hand properties do not meet these requirements, so buyers opt for the new construction even if they have to pay more right now.
Furthermore, with the telework boomMany second homes have come to be considered a second home to spend most of the year in, and not just on vacation or on some weekends. Therefore, the same requirements are required when acquiring these properties as in a first home: good size, outdoor spaces, good qualities and high levels of energy efficiency.
INTEREST IN 'PREMIUM' ZONES
Faced with these new preferences, the interest in buying in locations considered 'premium', away from the urban center. Also in peripheral municipalities near large cities, such as Pozuelo de Alarcón or Alcalá de Henares, in Madrid, or the Sarriá or Sant Cugat del Vallés neighborhood, in the province of Barcelona.
Solvia has detected great opportunities to purchase new residential construction in cities near the coast such as Sitges (Barcelona), Mataró (Barcelona), Altafulla (Tarragona), Cambrils (Tarragona), Almuñécar (Granada), Estepona (Málaga) or Noja ( Cantabria).
. (tagsToTranslate) Solvia (t) has (t) clear: (t) buy (t) new housing (t) (t) to (t) rent (t) investment (t) more (t) profitable (t) Category : All (t) Category: Economic News (t) Category: Europe Report (t) Category: International News (t) Category: Pulses (t) Category: Pulses Europe