The forecasts of real estate agencies for the sale and rent Residential face this summer with a drop in prices in both markets, after the worst of the coronavirus crisis, while operations and the acquisition of new homes will recover, according to Real Estate Sensitivity Survey (ESI) made by idealista.

The sector real estate agencies arrive at the new normal with caution, but with prospects for improvement, after passing the quarantine forced by the state of alarm completely closed in order to fight against the coronavirus pandemic, and open from the past 4 of May with strict safety and hygiene measures to avoid new sprouts.

During the next trimester, half of the real estate companies surveyed expect prices to remain more or less stable over the next three months, although it should be noted that a 42% remaining believe that sales prices will fall in front of 28% that stands out for the rental market.

In fact, he sales index from Real Estate Sensitivity Survey (ESI) falls for the first time from 50 points, to stay in 42,8, especially due to the drop in confidence in the prices of homes for sale. He sale market gives greater prominence to rent, that despite decreasing four points (53,8) in front of the start of 2020 maintains its index positive and maintains the confidence of real estate agencies about how the leases will go in the coming months.

Despite the expected drop in prices in both markets, the operations that real estate companies expect to close between June and September, both for sale and for rent, warn of a gradual recovery of activity, somewhat slower in the buying and selling market (12%) faced with the best rental situation (30%).

But it is in the acquisition of homes for sale (37%) where better expectations have the agencies consulted regarding the flats for rent (29%). In fact, more than half say they expect to capture more properties, while only one of every two remaining comments that they will lose some of the market after the exit of the alarm state.

Although the prospects began 2020 maintaining the downward trend already registered since the second half of 2019, due to economic and political uncertainty, no one could expect the impact of a health crisis of this magnitude, that has taken away more than 28.000 people in Spain, according to official figures.

[Source:Idealista]