Home purchase is reactivated after more than 6 years of drought

Published on April 15th 2015

Since Afinance we are very optimistic with this headline, as we have noted that housing activity has a 360, there are more transactions, we observed a greater supply of mortgages and prices according to areas of Barcelona begin to rise.

We believe we have reached the starting point, this is the year of recovery of Spanish real estate sector, it is the beginning of a new era, more favorable to all sectors.

We note that the turnaround began to occur at the end of 2014, transactions suffered a rise of 1.8%, after falling for 6 consecutive years, selling more than 300,000 homes, the first increase in cement production since 2007 , growth of 10% of the amount paid on mortgages and housing inventory reduction by the Bank, make this 2015 be a year of changes and we mark a turning point in the real estate sector.

According Via Célere, just recently they report that it rebuilds: new work visas have increased by 39%, it is the beginning of a new cycle, we get out of a crisis that has been very hard.

The reasons that caused the reactivation are uncertain, the upturn in demand, the economic upturn and falling interest rates along with the Euribor, reaching historic lows settling in.

We believe that now is the time to buy your home, to renegotiate your mortgage, to change your vehicle or even make those much desired reforms, so from Afinance we invite you to do so.