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Beatriz Toribio: "The housing market continues to show clear signs of recovery"


The real estate transaction data for the month of April released today by the INE, reflect a year-on-year rise in home sales of 29.7% , in line with the figures for the first months of the year and in contrast to the stop registered in March, due to the seasonality of the holiday period.

"The sector continues to show clear signs of recovery , with sustained growth levels but very different depending on the geographical area," explains Beatriz Toribio, director of studies at fotocasa .

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"The consolidation of credit, the improvement in the economic context and the good prospects for the sector and for the economy in general explain this reactivation of housing demand, " he adds, "although activity and price levels are still far from the maximum. registered during the real estate boom ”.

New and second-hand housing, both protagonists of the revival of the sector

The INE data also reflect the good performance of new housing (29.3%), which is growing at the same year-on-year rate as second-hand housing (29.7%) “as a consequence of the greater development activity that the sector is experiencing and to the reactivation of the demand for this type of housing , although second-hand remains the main protagonist of the reactivation of the sector ”.

"This recovery in the sector has had a direct transfer to prices" , which according to data from the fotocasa Price Index, continue to register year-on-year increases that we have not seen since 2007 and that "exceed 10% in communities such as Madrid, Catalonia and the Balearic and Canary Islands ”, he qnnit .

 

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