Real estate
The sale and purchase of homes reaches the highest figure in six years
20minutos.es, Europa Press, 29 August - The sale and purchase of flats and houses has reached its highest level since 2011. According to the registrars, the number of property sales registered in the land registries reached 119,408. in the second quarter of the year. This figure is 10.7 % higher than in the same period of 2016 and the highest since 2011. Compared to the previous quarter, housing sales and purchases grew by 5 1Q03Q.
According to data from the real estate statistics of the Spanish Association of Registrars, in the last twelve months, the number of home sales and purchases totalled 429,624 transactions, which represents a rise of 11.9 1Q03Q and the highest year-on-year figure in the last six years. By type of housing, new home transactions fell by almost 2.1 1Q03Q compared to the first quarter, with 20,065 transactions, in contrast to the 99,343 transactions of used homes, the highest figure in ten years and 6.5 1Q03Q higher than in the previous quarter.
According to the registrars, in the second quarter, 13.1 % of registered sales and purchases were made by foreigners, with 15,600 operations, while on a year-on-year basis the proportion of transactions made by non-Spanish nationals stood at 13.2 %, remaining stable at record highs, with some 56,600 purchases per year.
Real estate
5 keys to selling a home
Selling a property is not always an easy task. It depends on the state of the market, the country's economy, the labour market, the confidence index of the markets, the economic outlook announced by major national and international organisations, among many other factors...
After the real estate crisis from 2007 to 2015, a "realism effect" has been taking hold in our market, says Toni Expósito, general manager of the Comprarcasa network, which makes us much more cautious in our purchasing decisions..
In view of this market situation, the experts at Comprarcasa recommend that all those interested in selling a property should follow a series of steps tips on how to do this quickly and effectively.
1. Conduct market research
Setting the right market price is a determining factor when selling a property. To do this, we must pay attention to the prices and characteristics of the properties in the area. "Making a mistake in this first phase will lead us to lose a high number of calls and visits in the first few weeks, which are key to the sale of a property," says Expósito.
An adequate market study and an exhaustive knowledge of the area will place our property in the necessary position to achieve its sale without having to resort to successive price reductions.
2. Choose the best real estate portals
The Internet offers us countless opportunities to show our home to a large number of potential buyers. "But be careful, don't let everyone who calls interested in viewing your home into your home," warns the Managing Director of Comprarcasa. "Curious callers, people who are already thinking of putting their house up for sale and intermediaries of all kinds will call". The calls received after the advertisement has been published are decisive when it comes to detecting the real interest of the potential buyer, as well as their economic and financial possibilities to buy the property.
3. Highlight the qualities of the house in a realistic way.
We must make an attractive description of our property, so that it attracts potential buyers, but "without falling into exaggerations that may create false expectations", recommends the expert from Comprarcasa. This will only lead us to generate useless visits, which will waste time and money.
It is highly recommended to have a professional photographer specialised in the real estate sector who will know perfectly well how to show the best qualities of the property, choose the most suitable light, the clearest spaces and find the most attractive angle to stand out in an ocean of advertisements.
Real estate
Default insurance: does it prevent rent arrears?
The economic crisis resulting from the COVID-19 pandemic is wreaking havoc on family economies. One of the main problems it is generating is the inability of some families to cope with rent payments. As a solution, an increasing number of landlords are opting for take out default insurance to avoid late payments.
This relatively new type of insurance has been undergoing a period of increases from 2019%, when they increased by 35 % according to data from the Observatorio Español del Seguro de Impago de Alquiler (OESA) (Spanish Rent Default Insurance Observatory)but in the pandemic season, recruitment has doubled, to the extent that the OESA estimates that in 2021 the 30 % of new rental contracts will include default insurance.
"The COVID-19 crisis has made landlords feel more insecure about possible non-payment."explains Emiliano Bermudez, deputy director general of donpiso. "The volatile context in which we live also makes it very difficult to foresee future delinquencies," he reasons.
For this reason, the expert believes that the best option to avoid situations of default is to take out these default insurances. "It's the best way to make sure that the money is going to arrive.This is the trend that society is following", says Emiliano Bermúdez, who adds that "it is the trend that society is following".
How does default insurance work?
"The insurance against non-payment of rental covers the rent agreed at the time of signing for up to 12 months of non-payment".explains Emiliano Bermúdez. In this way, the landlord secures his monthly rent and avoids situations of default by the tenant.
In addition to non-payment, these insurances offer other coverage. "Once insurance has been taken out," says Emiliano Bermúdez, "it is common to add protection for damage to the home or theft. Which in turn are the main cause of litigation between the landlord and the tenant," he adds.
For the expert, taking out insurance also has benefits for the tenant, as it provides financial relief in the event of not being able to meet the costs of the rent. rent payments. "With comprehensive coverage, the tenant avoid possible unpleasant situations. Like getting on the list of defaulters or even being evicted."He believes.
"Default insurance is a very convenient tool".he thinks. And he predicts that in the future there will be more and more policies in the rental sector. "Just like car insurance, for example, are likely to become a necessary condition for renting over time.", he ventures.
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