Families with children, 43 years old, owners who change houses, with personal savings and a mortgage, the most frequent profile of buyers
VALENCIA, 17 Jan. (EUROPA PRESS) –
78.8 percent of people who bought a second residence in 2022 through real estate agencies in the Valencian Community were foreigners, as were 70.1% of those who bought a home for investment, despite the fact that last year the purchases of second homes and those intended for investment decreased compared to 2021.
65.2% of regular home buyers were of Spanish origin. The most frequent profile of people who bought a home with Valencian real estate agencies in 2022 was that of families with sons or daughters, who are already owners but want to change their home, have personal savings, and have an average age of 43.4 years. The price of the most demanded properties was in the range between 100,000 and 150,000 euros.
These are the main conclusions of the Survey on home buyers through real estate agencies during 2022, carried out by the National Federation of Real Estate Associations (FAI) and the Association of Real Estate Agents of the Valencian Community (Asicval), as reported in a release.
The majority profile of homebuyers has not changed much in relation to the data collected in the same 2021 survey, although differences can be seen by segment, according to the Valencian real estate companies surveyed.
People between 40 and 50 years of age lead purchase operations, accounting for 40.4% of acquisitions, followed by the group between 30-40 years of age, with 36.3%. In 2021 they represented 47.1% and 37.3%, respectively. However, people between the ages of 50 and 60 who paid for a home in 2022 (22.2%) have increased compared to 2021 (15.7%). 1% were between 20 and 30 years old.
In 2022, the profile of families with children who bought a home was 44.3% compared to 62.8% the previous year. However, in 2022 there were more couples without children (33.8% vs. 23.5% in 2021) and single people (19.5% vs. 13.7% in 2021) who decided to buy a property. 2.25% of buyers were companies, while the 2021 survey did not record any operations by legal persons.
Regarding the destination of the homes purchased last year, the habitual residence accounted for 68.7% of the operations, 3.99 points more than in 2021. On the other hand, purchases of second homes (21.2%) and those for investment (10.1%) decreased. Comparatively, in 2021 they reached higher values of 23.5% and 11.8%, respectively.
Among regular home buyers, 64.6% of the cases were owners who moved house, 19.2% changed the rent for the purchase and 16.1% became emancipated with their first home.
Buyers of Spanish origin (65.2%) monopolized purchases of primary residence, followed by those of non-EU origin (18.4%) and those from other EU countries (16.3%). Regarding the acquisition of second homes, 78.8% of the buyers were of foreign origin (44.4% from EU countries and 34.3% from non-EU countries). The percentage of Spanish buyers who bought a second residence in the Valencian Community was 21.11%.
Regarding purchases for investment in Valencian territory, 36.1% of buyers were from non-EU countries, compared to 34% of Community buyers and 29.8% of Spanish buyers who opted for this type of operations.
PERSONAL SAVINGS AND MORTGAGE
According to the Valencian real estate agencies, homes between 100,000 and 150,000 euros were the most in demand by buyers (43.4%), followed by those with less than 100,000 (24.2%) and those between 150,000 and 200,000 (21 ,2%). Properties between 200,000 and 300,000 euros accounted for 4% of the requests while those that exceeded 300,000 rose to 7%.
Regarding the form of financing, 42.1% of buyers opted for the combination of personal savings and mortgage. The percentage of people who bought a home exclusively with personal savings stood at 26.5% compared to 15.7% in 2021. Those who bought only with mortgage financing have gone from representing 15.7% in 2021 to 19.7 % last year. 6.8% resorted to the savings, family loan and mortgage formula. The remaining 4.7% opted for other forms of financing.
In the specific case of mortgage financing, the surveyed agencies indicate that 45.4% of mortgage loans were granted for 80% of the purchase value, 42.4% below 80%, and 12. 1% above 80%.
Regarding the management period for the purchase and sale operations, 58.5% of the surveyed agencies affirm that it took between two and four months to complete the process, while 34.3% reduce this period to between one and two months. . 6% indicate that it was between four and six months. Only 1% took more than 10 months.
