Post by asadul7172 on Feb 15, 2024 14:06:51 GMT 2
Since 2017, the Idealista real estate portal has carried out the Real Estate Sensitivity Survey. More than 250 experts participate in it, whose businesses are carried out throughout Spain. But what does this study consist of? Its objective is to show the degree of satisfaction and forecasts of experts in the real estate market, both for renting and purchasing. To do this, they use an index that varies between zero and one hundred, the latter being the value of maximum satisfaction. The new Real Estate Sensitivity Survey was recently published that evaluates the predictions for 2021 and the results obtained were as follows. Real Estate Sensitivity Survey 2021 The real estate agencies that participated in the survey predict that the recovery of the sector will continue during the first months of 2021, despite the context of uncertainty experienced in Spain as a result of the outbreak of the third wave of the pandemic. Although vaccination has already begun, immunity would be achieved towards the middle of the year and, until then, the markets will remain expectant. However, professionals agree that prices will continue to adjust, both in the sale and in the rental market. Sales forecasts 2021 In general, the Real Estate Sensitivity Survey reflects that most agencies expect the trend of improvement in this sector to continue during 2021.
Specifically, they have good expectations regarding the increase in the number of purchase and sale operations . In addition, they hope that, with the reactivation of the economy, new customers can be attracted. However, it is also expected that prices will continue to adjust downwards . This derives from economic uncertainty, excess supply and temporary lack of demand. In this regard, the outlook remains conservative. 37% of professionals surveyed affirm that sales prices in their specific areas will continue to decrease Estonia Email List But the remaining majority maintains that they will at least remain stable. Regarding the closing of operations in the purchase and sale market, more than half of the real estate companies surveyed (52%) are confident that during the first quarter of 2021 they will sell more houses than at the end of 2020 . Against this, 26% maintain that they will maintain the same activity as the previous quarter. And only 21% responded that they will sell fewer homes. Real Estate Sensitivity Survey Forecasts in the rental market 2021 Regarding the rental market, 2021 has begun with an interesting flow in both supply and demand. The increase in the supply of apartments for long-term rental (many of them coming from former tourist rental apartments) and the consequent drop in prices, added to the new needs that the coronavirus posed for the homes of Spaniards, generated that the interest in moving house has grown up to 77% in recent times.
According to the real estate portal, between March 2020 (when the confinement began) and June of the same year, the demand for rental housing quadrupled. Faced with this, and according to the data collected by the Real Estate Sensitivity Survey , 34% of the professionals surveyed highlight that rental prices will continue to fall for another quarter. But 55% expect them to remain. In addition, they foresee an improvement in terms of closing operations. 36% of agencies expect to rent the same number of houses. While 33% are confident that more operations will close than in the last quarter of 2020. Only 18% affirm that activity will be reduced. Conclusions from the Real Estate Sensitivity Survey (ESI) “This improvement in the perspectives of real estate agencies on the activity of both markets once again puts the Sales index above the Rental index,” according to Idealista. “The sales ESI continues the upward trend that it already recovered at the end of the year and improves almost five points from 44.9 at the end of 2020 to the current 49.7 points.” The ESI for rent, for its part, “slightly slows its decline and improves just two tenths compared to the last quarter, but comes from the largest drop in confidence since the end of 2019.” They add that "this demonstrates a stabilization of expectations, waiting to see how the economic situation evolves."
Specifically, they have good expectations regarding the increase in the number of purchase and sale operations . In addition, they hope that, with the reactivation of the economy, new customers can be attracted. However, it is also expected that prices will continue to adjust downwards . This derives from economic uncertainty, excess supply and temporary lack of demand. In this regard, the outlook remains conservative. 37% of professionals surveyed affirm that sales prices in their specific areas will continue to decrease Estonia Email List But the remaining majority maintains that they will at least remain stable. Regarding the closing of operations in the purchase and sale market, more than half of the real estate companies surveyed (52%) are confident that during the first quarter of 2021 they will sell more houses than at the end of 2020 . Against this, 26% maintain that they will maintain the same activity as the previous quarter. And only 21% responded that they will sell fewer homes. Real Estate Sensitivity Survey Forecasts in the rental market 2021 Regarding the rental market, 2021 has begun with an interesting flow in both supply and demand. The increase in the supply of apartments for long-term rental (many of them coming from former tourist rental apartments) and the consequent drop in prices, added to the new needs that the coronavirus posed for the homes of Spaniards, generated that the interest in moving house has grown up to 77% in recent times.
According to the real estate portal, between March 2020 (when the confinement began) and June of the same year, the demand for rental housing quadrupled. Faced with this, and according to the data collected by the Real Estate Sensitivity Survey , 34% of the professionals surveyed highlight that rental prices will continue to fall for another quarter. But 55% expect them to remain. In addition, they foresee an improvement in terms of closing operations. 36% of agencies expect to rent the same number of houses. While 33% are confident that more operations will close than in the last quarter of 2020. Only 18% affirm that activity will be reduced. Conclusions from the Real Estate Sensitivity Survey (ESI) “This improvement in the perspectives of real estate agencies on the activity of both markets once again puts the Sales index above the Rental index,” according to Idealista. “The sales ESI continues the upward trend that it already recovered at the end of the year and improves almost five points from 44.9 at the end of 2020 to the current 49.7 points.” The ESI for rent, for its part, “slightly slows its decline and improves just two tenths compared to the last quarter, but comes from the largest drop in confidence since the end of 2019.” They add that "this demonstrates a stabilization of expectations, waiting to see how the economic situation evolves."