We tell you all the news by means of La opinión de Málaga.
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BBVA detects 28,4 operations per each thousand residential Park homes, above Alicante, The Balearic Islands and Madrid – Benalmádena, Alhaurín de la Torre and corner, the most attractive Andalusian municipalities to invest
The figures of the real estate market are running back to Malaga as one of the main protagonists of the recovery of the housing sector is experiencing from 2014. BBVA yesterday presented the report «Real estate situation», It reveals that Malaga is the province Spanish with greater number of housing in relation to its total Park sales or, What is the same, the area which produces a higher pressure of buyers attending the existing offer, something certainly influence much acquisitions by foreigners who choose the Costa del Sol as a second residence. According to the figures of BBVA, in the period 2014-2016 occurred on average 28,4 operations per year per every thousand homes of their residential Park, with an average annual growth of almost 14,5%, a figure that places it above Alicante (25), Balearic Islands (21,8), Madrid (19,6) and Las Palmas (19,5). The Spanish average stands at 15,8.
"How much more pressure there is offer on demand, more they can raise prices. What these numbers tell US about Málaga is having one of the most active markets, and it's a province heavily affected by the demand of foreigners who do not reside here. That raises a lot the ratio but it may also already be greater activity among themselves residents of the province», Félix Lores and David Cortes said yesterday, analysts from BBVA, at the presentation of the report.
The study, In fact, It also places in Malaga Spanish provinces where more has raised the price of housing during the past three years. En concreto, the value of the flats has risen an average of over of the 3% During this period annual, with what now stands almost a 10% above what it cost in 2013. The evolution of prices in Malaga exceeds the national trend (they grow almost a 4% in those three years) and the Andalusian (only a 0,8%). In any case, Cortés y Lores ruled out that there is a risk of a price bubble.
BBVA also presented a ranking of the 49 Andalusian municipalities more of 25.000 inhabitants, in his view, currently presented more attractive local real estate markets for investment in housing, from variables gathered by its technicians include which is the evolution of supply and demand and prices. Of the top ten members of the list, seven belong to the province of Malaga Benalmadena with in the first place, accompanied by Alhaurin de la Torre in the second position and Rincón de la Victoria in the third. Fuengirola (fourth place), Málaga (Sixth), Torremolinos (seventh) and Mijas (tenth) Rounding out the top ten. In the post 15 appears Marbella, in the 18 Velez Malaga and in the 22 Estepona. Within the list of 50, further behind, also featured are Antequera (38) and round (the 49).
Lords and courts noted that the recovery of the market is coming mostly from Madrid, Barcelona, the Islands and along the Mediterranean coast and reminded, For example, which four provinces (Madrid, Barcelona, Alicante and Malaga) they concentrate the 70% visas for new housing projects rise recorded between 2013 y 2016, Although it is true that it started from very low figures.
Moderate recovery
At the national level, BBVA provides that housing investment will grow in 2017 un 3,2% and that does residential sale in the environment of the 7%. The price also will continue recovering and expected progress of the 2,5% annual. That Yes , the financial institution said that in recent months «have accumulated a number of risk factors that may be limiting the scope and the speed of recovery».
"In the first place, persists the uncertainty related to the outcome of the brexit. This geopolitical factor in Europe, Add the effects that may have the decisions of the new administration in the United States or the increase in the cost of energy», said BBVA. Foreign demand has a high weight in Andalusia. En 2016, el 17,5% of the total sales in the region were acquired by foreigners, a proportion that increases in provinces like Malaga, where the percentage reaches to the 36,7%. "The possible effects of the brexit may be greater in the Andalusian region, but the drop can be compensated with the local demand», said the financial institution.
Por otro lado, the rise in inflation in the Euro area, It can lead to a change in monetary policy. En 2017 It is expected that stimuli of the European Central Bank will reduce (ECB), What would lead to an increase in the types of interest at the end of 2018. This increase in the cost of financing poses a risk in the Spanish economy.
According to BBVA, the real estate sector has completed 2016 consolidating the recovery that began in 2014. «The increase of employment, the reduction of the degree of indebtedness of households, the low cost of financing and greater optimism of households regarding the evolution of the economy, they have supported the increase in home sales in Spain, closed 2016 con 460.000 transactions, un 13,5% more than the previous year», recalled. Despite the new planned improvement, the sector will continue in any case, far from the levels of activity of 2006, before the crisis.
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