Mitte Realty

Your Realty Developer

Housing Market Bubble

by Brianna - February 26th, 2013.
Filed under: News. Tagged as: , .

The real estate market of Catalonia is faced with greater optimism its present and its future, according to the results of the semi-annual barometer on the climate of confidence in this business published this week by the Catalan Administration. The data, obtained from 1,600 surveys conducted in the month of May to citizens, companies and administrations, reflect an increase of confidence in growth and the feeling of a revival of the housing market. It is, without doubt, a good news, since not only responds to the opinion of a part of the sector which could make think replies concerned-but that it’s a widespread perception in the world. It is, as the authors of the barometer, for the first time since November 2007, that financial institutions improve the perception of the financial capacity of their clients and that reflected a revival in the housing market are. The report also notes the majority view that the option of renting an apartment in Catalonia is now more feasible.

This extreme thing they would confirm the Forcadell consulting data, according to which, during the first six months of this year the rental market has experienced some recovery. And it is that the market moves, as it gets highlighted in the increase of 5 per cent of the price of the flats after two years of continued falls. In June, the price per square meter rented the Catalan capital stood at 12,58 euros according to Forcadell, almost 60 cents more than at the end of 2009, although significantly below 14,59 euros that did reach in 2007. We are waiting for future data that continue confirming the revival of the real estate market.

Comments are closed.