The covid-19 pandemic has shaken the entire Spanish business fabric, aunque hay sectores que se han comportado mejor que otros. In this sense, the real estate and more specifically the residential of new construction has withstood the crisis generated by the coronavirus. In fact, closes 2020 without registering falls in their prices and with a rebound in transactions during the summer months. Also, promoters do not expect major adjustments for next year and are optimistic about the future in the short and medium term
New construction housing lives a different reality from the rest of the residential sector. While in the second-hand market and in the rental segment there have been small decreases in prices, lo pisos de nueva construcción han tocado incluso máximos de los últimos diez años en plena pandemia.
According to a report prepared by the Valuation Society, the price of new homes in Spain at the end of June was at 2.472 euros / m2, la cifra más alta desde 2010 and, shorten distances with the maximums recorded in 2007 (2.905 euros / m2).
Since late 2014, the price of new homes has not stopped rising, even if from June of last year to June 2020, it has only become more expensive in 72 euros / m2, which shows that growth has moderated by registering an annual variation below the 4,5% that he registered between December 2018 and the same month of 2019, cuando pasó de 2.348 euros / m2 a 2.453 euros / m2.
However, current prices are closer to that record than to the lows of the previous crisis. At the end of 2014, the average price came to be 1.992 euros / m2, which means that since then the price has risen almost a 24% The, which is the same, in 478 euros / m2. Instead, the current price is at 433 euros / m2 below maximums.
The Appraisal Society also recorded price increases in a location as important as the capital of Spain in June. In fact, los resultados del informe revelaron que el precio medio de la vivienda nueva en Madrid capital se situó en 3.663 euros per m2 in june 2020, lo que supuso un incremento del 4,2% con respecto al año pasado y del 1% con respecto a diciembre de 2019. The evolution of the price of new housing in the Madrid metropolitan area followed a similar trend, with an average variation of 2,9% year-on-year and 0,8% semestral hasta los 2.039 euros per m2, well below the capital average.
For his part, Colliers, too reflected his confidence in the new construction and its consolidation, despite the covid-19 crisis, aunque mostró más preocupación con los precios de oferta de segunda mano que sí han experimentado retrocesos de entre el 5 % and the 15%, according to the consultant.
A sustainable demand
But the price is not the only thing that indicates the good health that this business enjoys. The interest in acquiring a new home is also another thermometer that shows the resistance of the sector to the health and economic crisis generated by the covid.
It should be noted in this regard, than the search for new construction homes in idealista skyrocketed 37% after confinement, especially in the provinces of Madrid, Barcelona, Valencia and Malaga. In these locations, Ad views of this product type have increased by 36,8% entre mayo y octubre de 2020, con respecto al mismo periodo de 2019, según datos de idealista/data. An increase that demonstrates the strength of this product at a time as complicated as this. In the balance of 10 first months, the year-on-year increase reaches 40%.
[Source: Idealista @CarlosLospitao]