According to a recent report on the Spanish residential sector by Servihabitat Trends, the sale of housing will reach half a million units in 2017 for the first time since the crisis began in 2008, which will also mean a 12% increase over the 445,000 dwellings to be commercialized in 2016. The real estate market will thus chain three consecutive years of growth.
Thus, according to the data released by this report, real estate construction will grow 20% next year 2017, to 74,000 units, after shooting up 31% this year 2016, when they began to raise 62,000 units. It is expected that the construction of new residences will also increase in all regions during 2016, the current year that it is ending-
By reaching this peak, and according to this report, the real estate sector in 2017 will already be fully stabilized around the levels considered normal for the Spanish market which, according to its data, involves the purchase and sale of between 550,000 and 600,000 houses a year, With annual price increases of between 3% and 4%.
The report, like many experts, points to the current situation of economic improvement, as well as the opening of the mortgage loan as the main pillars of housing demand. If we add to this the increasing profitability that today has the investment in housing with respect to other formulas, we can explain that at this moment the sector is already recovered.
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