Post by account_disabled on Mar 12, 2024 0:52:05 GMT -5
The rental supply in Spain could be reduced by 11.7% due to changes in the Housing Law, which translates into the disappearance of some 100,000 properties that are currently rented , according to the study 'Impact of the new Housing Law in the rental real estate offer' prepared by the Tecnocasa Group and the Pompeu Fabra University (UPF) of Barcelona .
In this sense, the study also details that the limit on rents in stressed areas (22%) and legal uncertainty (66.3%) could lead " many owners to withdraw their properties from the rental market and look for other options." of business" .
Likewise, once the current rental contract Cambodia Telegram Number Data has ended, 7.7% of the owners who participated in the study consider selling the home, while 4% are considering other options such as, for example, renting for use. different from housing.
The director of Analysis of the Tecnocasa group, Lázaro Cubero , has carried out a review of the rental market in Spain in the presentation of the conclusions of the XXXVII 'Report on the housing market' of the company , in which it is observed that it increases in the majority of the populations analyzed, highlighting Valencia (14.3%), Barcelona (11.9%) and Madrid (8.6%).
Cubero has highlighted that "the supply of rental housing has been reducing in recent years and that the new Housing Law will have an even greater impact on the reduction of the available supply."
The price of used homes for sale stabilizes
The price of used housing in Spain stood at 2,377 euros/m2 in the first half of 2023, 0.21% more than in the same period of 2022, reflecting a path of stability in the real estate purchase and sale market. according to the conclusions of the Tecnocasa and UPF report.
The highest price until June was recorded in Barcelona, where 3,145 euros/m2 was reached, while the lowest was in Talavera de la Reina (Toledo), with 651 euros/m2. Madrid, for its part, reached 2,794 euros/m2 between January and June.
Regarding the mortgage market, the average mortgage in the first six months of the year stood at 121,782 euros, 2.7% less compared to the amount a year ago, when it reached 125,186 euros.
Barcelona also recorded the highest mortgage amount until June, specifically, it stood at 145,883 euros, followed by L'Hospitalet de Llobregat (135,788 euros) and Madrid (130,525 euros), while in Malaga the lowest amount was given (94,471 euros).
In reference to the main risk indicators of a mortgage, the CEO of the Tecnocasa group, Paolo Boarini , has detailed that the evolution of these during the first half of the year shows "stability and is in line with the credit standards that banks apply the last years".
Likewise, the real estate group has stressed that the ratio between the monthly mortgage payment and the mortgagee's income was 35% in the semester analyzed, the maximum recommended to minimize the risk of non-payment of a mortgage and the highest percentage since 2011.
In this sense, the study also details that the limit on rents in stressed areas (22%) and legal uncertainty (66.3%) could lead " many owners to withdraw their properties from the rental market and look for other options." of business" .
Likewise, once the current rental contract Cambodia Telegram Number Data has ended, 7.7% of the owners who participated in the study consider selling the home, while 4% are considering other options such as, for example, renting for use. different from housing.
The director of Analysis of the Tecnocasa group, Lázaro Cubero , has carried out a review of the rental market in Spain in the presentation of the conclusions of the XXXVII 'Report on the housing market' of the company , in which it is observed that it increases in the majority of the populations analyzed, highlighting Valencia (14.3%), Barcelona (11.9%) and Madrid (8.6%).
Cubero has highlighted that "the supply of rental housing has been reducing in recent years and that the new Housing Law will have an even greater impact on the reduction of the available supply."
The price of used homes for sale stabilizes
The price of used housing in Spain stood at 2,377 euros/m2 in the first half of 2023, 0.21% more than in the same period of 2022, reflecting a path of stability in the real estate purchase and sale market. according to the conclusions of the Tecnocasa and UPF report.
The highest price until June was recorded in Barcelona, where 3,145 euros/m2 was reached, while the lowest was in Talavera de la Reina (Toledo), with 651 euros/m2. Madrid, for its part, reached 2,794 euros/m2 between January and June.
Regarding the mortgage market, the average mortgage in the first six months of the year stood at 121,782 euros, 2.7% less compared to the amount a year ago, when it reached 125,186 euros.
Barcelona also recorded the highest mortgage amount until June, specifically, it stood at 145,883 euros, followed by L'Hospitalet de Llobregat (135,788 euros) and Madrid (130,525 euros), while in Malaga the lowest amount was given (94,471 euros).
In reference to the main risk indicators of a mortgage, the CEO of the Tecnocasa group, Paolo Boarini , has detailed that the evolution of these during the first half of the year shows "stability and is in line with the credit standards that banks apply the last years".
Likewise, the real estate group has stressed that the ratio between the monthly mortgage payment and the mortgagee's income was 35% in the semester analyzed, the maximum recommended to minimize the risk of non-payment of a mortgage and the highest percentage since 2011.