Post by mdshamiul777 on Feb 12, 2024 0:02:25 GMT -5
The real estate market, after more than six years of crisis, is beginning to recover its vital signs. In a sector as fragmented as real estate, we have to look more at the trend than at the monthly data. And this trend indicates an increase in sales compared to 2013.
The main conclusion of the latest edition of the real estate heart rate monitor of the Institute of Business Practice, estimates that by 2014 real estate transactions will increase by 5%.
According to the General College of Notaries, real Vietnam Email List estate transactions increased by 45.4% during the first quarter of this year compared to the same period last year.
Although the first quarter of last year was influenced by the loss of the tax deduction and consequently many transactions were brought forward to December 31, 2012. Notaries consider that these data could be anticipating a change in trend in the sector or even the end of the depressive spiral.
According to a market study carried out by the Network of Qualified Real Estate Advisors (RAIC), the stock of new unsold apartments by the end of 2014 would be around 652,000 homes, 15% less than in 2013. Since 2010 there has been exit to more than 290,000 homes in the stock.
If we combine this fact with the sharp reduction in the volume of new construction, it could cause pent-up demand in certain areas and certain products and buyer profiles.
As a consequence, the production of new construction would return to those places where the existing stock was not satisfying demand and promotions would begin capable of covering the needs of these buyers.
Very important to consider is the return of foreign buyers to the sector who, attracted by the investment impetus, represent an increase of more than 30% so far this year compared to last year and approaching pre-crisis levels, obviously not stopping. all areas.
In the domestic market, macroeconomic data tells us that we can now say that we have hit the bottom.
The real estate sector is beginning to reflect an improvement and more and more people are willing to buy, attracted both by the adjusted prices and by the obvious signs of recovery.
And the general opinion in economic and sector forums is that the price adjustment has ended. Along these same lines, the OECD recently pointed out that housing prices in Spain are at their equilibrium point, so there will be no significant decreases but rather a stabilization is expected prior to the increases.
The main conclusion of the latest edition of the real estate heart rate monitor of the Institute of Business Practice, estimates that by 2014 real estate transactions will increase by 5%.
According to the General College of Notaries, real Vietnam Email List estate transactions increased by 45.4% during the first quarter of this year compared to the same period last year.
Although the first quarter of last year was influenced by the loss of the tax deduction and consequently many transactions were brought forward to December 31, 2012. Notaries consider that these data could be anticipating a change in trend in the sector or even the end of the depressive spiral.
According to a market study carried out by the Network of Qualified Real Estate Advisors (RAIC), the stock of new unsold apartments by the end of 2014 would be around 652,000 homes, 15% less than in 2013. Since 2010 there has been exit to more than 290,000 homes in the stock.
If we combine this fact with the sharp reduction in the volume of new construction, it could cause pent-up demand in certain areas and certain products and buyer profiles.
As a consequence, the production of new construction would return to those places where the existing stock was not satisfying demand and promotions would begin capable of covering the needs of these buyers.
Very important to consider is the return of foreign buyers to the sector who, attracted by the investment impetus, represent an increase of more than 30% so far this year compared to last year and approaching pre-crisis levels, obviously not stopping. all areas.
In the domestic market, macroeconomic data tells us that we can now say that we have hit the bottom.
The real estate sector is beginning to reflect an improvement and more and more people are willing to buy, attracted both by the adjusted prices and by the obvious signs of recovery.
And the general opinion in economic and sector forums is that the price adjustment has ended. Along these same lines, the OECD recently pointed out that housing prices in Spain are at their equilibrium point, so there will be no significant decreases but rather a stabilization is expected prior to the increases.