Real estate market
Real estate market latest publications
August data showed a recovery in home sales and mortgage credit. Thus, after a period of regulatory uncertainty, the sector could be gaining traction. In addition, after the correction last May, construction activity recovered levels of previous months
Growth revised downwards due to weak European consumption and demand, with more impact on northern regions and tourist destinations.
The loss of traction in the real estate market was somewhat more intense in the early summer months. The contraction of sales in the last months has been reflected in a moderation of the growth of housing price in 2Q19. On the other hand, construction activity is beginning to show signs of deceleration
Home sales lost traction in 1H19 despite positive demand determinants. At the same time, construction activity maintained its growth trend. Housing price showed an upward trend, especially for new housing. The market shows a high regional heterogeneity
The sale of housing recorded a slight rise in May despite the favorable determinants of demand. The mortgage market showed greater dynamism than sales and the tone of housing starts remains in a context of recovery of perception of the sector by entrepreneurs
Although conditions remain favourable, home sales are sluggish. On a regional scale, the evolution of sales in 1Q19 showed a high disparity. Nevertheless, the price continues to rise. The variables related to construction activity do not anticipate major advances in the coming months
Despite the sluggishness of sales in February and March, house prices maintained the growth trend in 1Q19 and in most regions rose more intensely. Visas maintained an upward trend, the decline in February offset part of the rise in January.
In February, housing sales showed tentative progress, in a favorable context for demand, marked by increased employment and relatively low interest rates. The increase in mortgage lending was also more moderate than in 2018. The start of 2019 showed an increase in permits, with many of the determinants of construction activ…