Post by account_disabled on Mar 11, 2024 21:39:46 GMT -6
With the arrival of the month of July, the first half of 2023 comes to an end and the summer season begins in all sectors of the national economy, including housing. In this context, donpiso assures that the market is currently experiencing a “situation of opportunity to buy second homes due to the dynamics of moderate price adjustment that is occurring during the current year.”
This is determined by its deputy general director, Emiliano Bermúdez , who emphasizes that buying at this time is a success because no major downward differences are expected : “It is time to buy, since the current scenario is favorable for both supply and the demand. It is not worth it for a buyer to wait for prices to fall because they may face a future rise in interest rates; “It is risky for the seller to wait because the price trend is downward.”
Where is it best to buy a second home?
Donpiso experts answer the 'million dollar question': “It depends on the preferences of each case. Fortunately in Spain we have a lot of and very interesting offer, both in coastal and mountain areas. That said, the Mediterranean coast continues to be the preferred Czech Republic Mobile Number List one by number of operations . In terms of profitability, the Catalan coast, the Valencian coast, the Murcian coast and the Canary Islands, with Tenerife and Gran Canaria in the lead, are the most interesting regions due to the good price-tourism relationship,” says Bermúdez.
Vacation housing leaves the pandemic behind in moderation
The second home market is once again recording pre-pandemic numbers thanks to the notable recovery in tourism, although it is being somewhat dragged down by the moderate trend in the first home purchase and sale market. And in Spain the second home market has always gone hand in hand with the main residence market .
Thus, according to donpiso's forecasts, the evolution of vacation home prices will follow the general trend of the market . “In any case, the behavior of the Spanish real estate market is heterogeneous. In some areas prices will drop, in others they will remain the same and in some they will even rise. Meanwhile, increases in interest rates will also reduce to a certain extent the interest in purchasing second homes, since the rise in mortgage prices makes access to financing difficult,” says Bermúdez.
The expert emphasizes that “the vacation segment had not been among the market's priorities for years,” since “the pandemic made us give up things that were not essential, such as second homes.” “In times of crisis, second homes fall earlier. The war has not affected the way the pandemic did,” indicates the manager.
This is determined by its deputy general director, Emiliano Bermúdez , who emphasizes that buying at this time is a success because no major downward differences are expected : “It is time to buy, since the current scenario is favorable for both supply and the demand. It is not worth it for a buyer to wait for prices to fall because they may face a future rise in interest rates; “It is risky for the seller to wait because the price trend is downward.”
Where is it best to buy a second home?
Donpiso experts answer the 'million dollar question': “It depends on the preferences of each case. Fortunately in Spain we have a lot of and very interesting offer, both in coastal and mountain areas. That said, the Mediterranean coast continues to be the preferred Czech Republic Mobile Number List one by number of operations . In terms of profitability, the Catalan coast, the Valencian coast, the Murcian coast and the Canary Islands, with Tenerife and Gran Canaria in the lead, are the most interesting regions due to the good price-tourism relationship,” says Bermúdez.
Vacation housing leaves the pandemic behind in moderation
The second home market is once again recording pre-pandemic numbers thanks to the notable recovery in tourism, although it is being somewhat dragged down by the moderate trend in the first home purchase and sale market. And in Spain the second home market has always gone hand in hand with the main residence market .
Thus, according to donpiso's forecasts, the evolution of vacation home prices will follow the general trend of the market . “In any case, the behavior of the Spanish real estate market is heterogeneous. In some areas prices will drop, in others they will remain the same and in some they will even rise. Meanwhile, increases in interest rates will also reduce to a certain extent the interest in purchasing second homes, since the rise in mortgage prices makes access to financing difficult,” says Bermúdez.
The expert emphasizes that “the vacation segment had not been among the market's priorities for years,” since “the pandemic made us give up things that were not essential, such as second homes.” “In times of crisis, second homes fall earlier. The war has not affected the way the pandemic did,” indicates the manager.