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The housing market has suffered a new price increase in , but it has not been the same for all areas in Spain, some of which have not yet recovered from the real estate crisis.
Family savings, which have caused a drop in consumption , added to interest rates, have been the main cause that has encouraged families to buy their home .
The shortage of new housing and interest rates drive up house prices
The housing market in Spain continues to increase its price since the beginning of After having ended last year with a substantial increase in home sales and mortgage loan signings .
Interest rates play a main role in the evolution of home buying and selling and, therefore, in their purchase price. Interest rates and financing conditions when taking out a mortgage loan have increased purchases.
On the other hand, families find it beneficial to finance the purchase of a home and for investors it has become a safe haven to make their money profitable in the long term.
But the market situation is determined by the evolution of the pandemic and the recent start of the war in Ukraine . This benefits large capitals, such as Madrid and Barcelona, and the Mediterranean co Romania Email List ast , as it is an area with a lot of business and tourism activity.
There is a reality in Spain that consists of a shortage of new construction housing , that is, the speed of new construction construction is another factor that influences the evolution of housing prices. Promotions were frozen with the start of the pandemic in and when the demand for housing increased in , the market has not been able to absorb it.
Social rental bonus: what it is, how to request it and how much money it could give us
ON THE SALMON BLOG
Social rental bonus: what it is, how to request it and how much money it could give us
In Galicia, Navarra and La Rioja the price of housing falls in
In autonomous communities there has been an increase in housing and we can highlight the following:
House Price Increase
The Balearic Islands have not been the Autonomous Community that has increased the price of housing the most, but rather it is the community where the price per square meter is the most expensive in Spain with €, .
They are followed by the autonomous community of the Basque Country with €,, the Community of Madrid with €, and Catalonia with €,
But not in all communities there has been an increase, since there are autonomous communities there has been a drop in prices and they are the following:
House Price Drop
On the other hand, the lowest prices per square meter in Spain is Extremadura with € , considering that the average in Spain per square meter is €,, we can see that there is a difference of €
They are followed by the community of Castilla-La Mancha with €, La Rioja with €, the Community of Castilla y León with € and Galicia with €
These are the taxes that have increased in Spain in : from % in the IPRF to % in the Registration Tax
ON THE SALMON BLOG
These are the taxes that have increased in Spain in : from % in the IPRF to % in the Registration Tax
The war in Ukraine and Russia, and inflation determining the evolution of the real estate sector
The increase in the prices of homes for sale in Spain is in line with what was forecast, and is expected to be between and percent on the annual average, due to the sharp rise in the costs of materials and the rise at the general level of inflation.
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