Post by account_disabled on Feb 11, 2024 11:26:18 GMT
We are pleased to see that the positive trend of the sector continues, with sustained growth, in the last two quarters and with percentage increases of more than 2%. This positive growth is producing an increase in prices mainly in large cities and especially in Barcelona and Madrid, around 10% of the final prices of the residential market. With these expectations of the residential real estate market, the real estate sector together with the construction sector, two sectors that have seriously suffered a lack of activity during the crisis, are once again re-emerging to position themselves as important factors for the growth of the economy of our country. and especially in the creation of new jobs, as both sectors are highly labor intensive. Limiting ourselves to the residential sector, so as not to extend it further, with the growth already mentioned, both in activity and the rise in prices, the purchase and sale of homes registered in the second quarter of the year, has reached the figure of 107,838 transactions,
the highest number of them produced in a quarter, of the last five years, recording a figure of 384,080 operations in interannual terms, with a growth of 20,651 operations with respect to the figures of the previous year. Regarding UAE Email List new housing, and after a long period of lethargy from historic lows, it has already registered a consecutive increase in the last two quarters with a number of operations close to 20,000 units. It is also worth highlighting the recovery of confidence in the sector, with the return of foreign and national buyers and the increase in private savers who are investing again in this sector, as an alternative to other less profitable or more risky investments. All of this leads us to the conclusion that we are entering a period of sustained growth, which will spread due to capillarity, as has happened in large cities,
to the rest of the geography of our country. Finally, reflect on the land market, the sector's raw material, which is becoming stressed in large capitals such as Madrid and Barcelona and therefore it is expected that in a short time it will also occur in the rest of the most important cities. . As a consequence of this, we hope that to resolve it and provide a sustained response to the growing demand, the competent administrations, especially Autonomous Communities and City Councils, act with agility and are capable of legislating in advance, so that our urban planning becomes more flexible than expected. which it currently is, contemplating alternative uses so that it better adapts to the needs of our citizens. Ángel Cuervo, Corporate General Director of Vía Célere.
the highest number of them produced in a quarter, of the last five years, recording a figure of 384,080 operations in interannual terms, with a growth of 20,651 operations with respect to the figures of the previous year. Regarding UAE Email List new housing, and after a long period of lethargy from historic lows, it has already registered a consecutive increase in the last two quarters with a number of operations close to 20,000 units. It is also worth highlighting the recovery of confidence in the sector, with the return of foreign and national buyers and the increase in private savers who are investing again in this sector, as an alternative to other less profitable or more risky investments. All of this leads us to the conclusion that we are entering a period of sustained growth, which will spread due to capillarity, as has happened in large cities,
to the rest of the geography of our country. Finally, reflect on the land market, the sector's raw material, which is becoming stressed in large capitals such as Madrid and Barcelona and therefore it is expected that in a short time it will also occur in the rest of the most important cities. . As a consequence of this, we hope that to resolve it and provide a sustained response to the growing demand, the competent administrations, especially Autonomous Communities and City Councils, act with agility and are capable of legislating in advance, so that our urban planning becomes more flexible than expected. which it currently is, contemplating alternative uses so that it better adapts to the needs of our citizens. Ángel Cuervo, Corporate General Director of Vía Célere.