ONE YEAR OF CONTRASTS.
One year of contrasts. The truth is that defining 2017 is not easy. It has been a year where we find a great diference between results and sensations.
If we look only at the results, we have to say that it has been a very good year.
2016 was a very good year and 2017 was clearly better. All the indicators have behaved upwards.
But sensations that leaves us this year are like a roller coaster. At the beginning of the year, when we made a 2016 balance, we were wondering if this growth rate was good and, above all, if it was sustainable. For many months of 2017 one of our concerns has been the high sales rates, price increases, etc. In short term, it looks good news, but if you are worried about the market in medium and long term- as we are-, too rapid growth is worrying. In addition, there is a limiting factor that is the slowness of urbanism and the lack of ground finalist in accredited demand areas
and that, in a fast growing environment of sales, can grow prices rapidly.
The rental market also leaves us with these contrasts: good results and
worrisome sensations. In this market we still have a very significant lack of supply that directly affects the price. here are very high prices, especially in the city of Barcelona. One of the remarkable events of 2017 is the publication of the Rental Prices Index, a well-made, useful tool, but little used to refer to the market.
At the same time, there have also been external factors that have had their
negative effects on the real estate market of 2017. We can summarize it in
tourism-phobia, terrorism and politics, effects that are very focused on the city of Barcelona and in the prime market and foreign investments.
In summary, good numbers, but a pace of growth difficult to sustain.
To read the whole report click here.
For further information you ca reach Amat at https://www.amatluxury.com/en