Real Estate latest publications
The real estate market put an end to a turbulent 3Q19, characterized by high volatility due to the effects of the implementation of the Real Estate Credit Law. Sales lost traction in September, after the upturn in August, and price growth was similar to that of the previous quarter
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
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
The 2018 exchange rate crisis drove the economy into a strong recession that ended the mortgage spring that had led the previous year's growth. There are still no clear signs of a solid recovery in the sector, although the outlook for 2020 is positive. There are opportunities for improvement in terms of housing.
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
Lower net investment in real estate and high depreciation rates of intangibles account for most of the slowdown in net business investment over the last 30 years.
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