Post by rabia336 on Feb 20, 2024 7:02:02 GMT
Was already in decline since and now it will be accused. The cost per square meter had reached pre-crisis prices. however, believes that the crisis will be shorter than expected. The consequences of the coronavirus will also affect housing prices . Since the crisis broke out in the cost per square meter has plummeted . A line of decline that continued until , when it began to recover again. However, the economic slowdown brought about by the coronavirus will break an upward trend and lead real estate companies into another crisis. This sector has already made an estimate and considers that home sales will decrease between % and %. Something that will bring the price per square meter closer to that of the previous financial crisis. The price of housing in the Community of Madrid had already recovered so much that it had even exceeded the figures.
According to Fotocasa data, the average price per square meter in Spain in March of that year was , euros. And in March it is , euros (% more). It seemed that optimal levels had been recovered , and although according to data from the National Institute of Statistics (INE), house sales began a slight decline since , the real estate sector is pre America Cell Phone Number List paring to assume losses similar to that of the previous crisis. Many experts already know what to expect. And if the words and estimates of the International Monetary Fund (IMF) are taken into account , the coronavirus will generate a crisis that is harsher than that of Spain's Gross Domestic Product (GDP) will be greatly affected and the unemployment rate will return to increase. The only unknown is how the financial sector, key to home sales, will react, which has already warned that its way of proceeding will be different from that of the previous economic crisis. by In , , houses were sold throughout Spain.
This year it is not expected that many fewer will be sold. The estimates remain to be seen, but they do not expect there to be major differences with the results of other crises. The real estate sector is the first to suffer from crises and the one that takes the longest to recover . When unemployment, uncertainty and low salaries take over society and banks accompany this distrust by tightening the granting of mortgages, people stop buying houses. And when the economy gets back on track little by little, this sector is the last to feel that prosperity, since until people have solvent economic stability for the future, they do not buy a house. It is possible that the crisis will deal such a hard blow to even the plans of Madrid and Barcelona. Demographic tension had led these cities to have exorbitant rental prices. Barcelona for the rentals related to tourism and Madrid for the number of people who work in the capital. All this led to plans to reduce.
According to Fotocasa data, the average price per square meter in Spain in March of that year was , euros. And in March it is , euros (% more). It seemed that optimal levels had been recovered , and although according to data from the National Institute of Statistics (INE), house sales began a slight decline since , the real estate sector is pre America Cell Phone Number List paring to assume losses similar to that of the previous crisis. Many experts already know what to expect. And if the words and estimates of the International Monetary Fund (IMF) are taken into account , the coronavirus will generate a crisis that is harsher than that of Spain's Gross Domestic Product (GDP) will be greatly affected and the unemployment rate will return to increase. The only unknown is how the financial sector, key to home sales, will react, which has already warned that its way of proceeding will be different from that of the previous economic crisis. by In , , houses were sold throughout Spain.
This year it is not expected that many fewer will be sold. The estimates remain to be seen, but they do not expect there to be major differences with the results of other crises. The real estate sector is the first to suffer from crises and the one that takes the longest to recover . When unemployment, uncertainty and low salaries take over society and banks accompany this distrust by tightening the granting of mortgages, people stop buying houses. And when the economy gets back on track little by little, this sector is the last to feel that prosperity, since until people have solvent economic stability for the future, they do not buy a house. It is possible that the crisis will deal such a hard blow to even the plans of Madrid and Barcelona. Demographic tension had led these cities to have exorbitant rental prices. Barcelona for the rentals related to tourism and Madrid for the number of people who work in the capital. All this led to plans to reduce.