All real estate portals warn that it is too early to see a turnaround in housing prices and experts from these major real estate portals believe the rally 0,8% in housing prices reflected by the Housing Price Index (IPV) National Institute of Statistics (INE), the first increase since 2008, is a "positive" data, but caution that it is too early to see a turnaround in prices.
Specifically, from fotocasa.es, has ensured that the data is very positive, and collecting the first price increase nationwide since the outbreak of the housing crisis. The data confirm that things are starting to change in the wilderness of the Spanish property market. However, calls for caution, since it is early to talk about turnaround in prices, because you have to keep in mind that 2013 was a very bad year for the sector and any comparison is always positive, Data start war.
We are moving towards a stabilization of prices, but a steady comeback in them still here soon. Those responsible for the Study considers that several data suggest an improvement in the Spanish property market, but he assured that "it is early to talk about the end of the set". The Spanish government barriers impede any rallies.
Meanwhile, from pisos.com, indicated that it could be an incipient turnaround, but warned that the road towards the consolidation of this recovery is still long, as there are areas still has not hit bottom.
Also, has indicated that this is an exciting statistics and reiterated the need to "watch" their evolution. The aim is to achieve a stable situation that allows sustained growth sector and smooth. The remaining market fundamentals housing prices sanitation must accompany.
Further, explained that the second hand beats quarterly new housing due to the higher volume of supply, but year on year it is the opposite. It could be justified by the increased demand for new in relation to the total volume of housing, and the increased bargaining power in housing used, which makes prices contain.
While, idealista.com, ensures that the INE data confirm the positive change that registrars advancing a few days ago. The explanation can be found in brick around the small and medium investors attracted by expectations of improving the sector seek alternatives to the low profitability of fixed income.
Also, must take into account "other aspects, as the drop in the number of operations, it could indicate that the variation could be explained because the purchases occur in the highest part of the market. In Madrid the slightest movement is evident in the districts of Chamartin and Salamanca.
But it is proving very hastily mention that prices have bottomed out or there is a change one trend. Further, all portals indicate that there are still areas where the price will travel downwards is. Also in Madrid a crash is evident in districts like San Blas and Usera, This also confirms that there are two different worlds that convey different realities: those above and those below, some would say……
Villanueva Francisco Navas
Economist and financial journalist