Demand households he will fall. growth interest rates which increases quotas mortgage loans and general uncertainty about Ukrainian war will have a direct impact on the real estate market. While it doesn’t look like there will be big fluctuations in house prices for the rest of the year, experts are beginning to foresee a drop in the medium term.

However, they do not expect them to be homogeneous. “Those houses that are for their own use will fall more. And those houses that are in sights investors who buy to rent”explains Iñaki Unsign, President of the Spanish Association of Personal Property Buyers (AEPSI).

The houses have become asylum value compared to investing in the stock market. And as the rent goes up, so does the yield. “All this could lead to higher prices for investment apartments in the medium term compared to houses for own use,” he adds.

To buy a house put it on rent now more profitable than 10 years agoThis is stated in a study published by the portal Idealista. In the third quarter of 2012, gross residential yields were 5.3%, down 1.8 points from the current 7.1%. In a large part of the capitals, profit margins are higher than they were a decade ago.

The prices have been going up for several months now. Although international organizations are already warning about a possible change in the cycle in the sector. International Monetary Fund (IMF) has warned of the risk of a “sharp” correction in house prices, especially in countries where variable mortgages carry more weight.

private organizations such as bankinter in advance of a possible correction in real estate prices. Among other things, the 12-month Euribor rose from -0.50% in December last year to 2.6%. And it is expected that soon he will be able to overcome the 3 percent barrier.

The company forecasts a 3% fall in house prices in 2023 and 2% in 2024, as well as a decrease in sales by 13% and 5%, respectively.

Portals such as idealistic Possible downtrends are also developing in the sector, which has reached record levels not seen since the housing bubble. In addition, real estate agents interviewed by the portal believe that the closure of sales operations will tend to slow down, while the possibility of renting will increase.

For its part, the Tinsa Valuer believes that in a context marked by the war in Ukraine, the energy crisis, rising interest rates and the threat of a future recession, the macroeconomic environment indicates a slowdown in the uptrend in prices. residential place.