The housing sector is at a small crossroads. While buying and selling has increased during the summer, High prices continue to limit young people’s access to their first apartment and independence from their parents.. For this reason, public institutions are working to encourage the construction of houses, both in urban and rural environments.
In this sense, Of the more than 15,500 home purchases signed in the last twelve months, just over 9,000 were signed with a mortgage, just 58%which means that almost 40% was paid in cash. Not in vain, the number of these credits has decreased by 13.8% in these months compared to the summer of 2023.
In fact, the weight of mortgages in total home purchases has been decreasing in recent months. In the summer of 2023, 73% of apartments were acquired thanks to bank credit, and, a year later, the percentage has gradually fallen to 58%according to data from the latest report from the Real Estate Market Chair at the University of Zaragoza.
In this sense, In the regions of Huesca and Teruel, mortgage-free purchases already account for more than half of the jobs47% and 40%, respectively. Meanwhile, in the Zaragoza region, 63.76% of sales were financed.
All in all, Between July and September, more than 4,200 homes were sold in Aragón, a growth of 14.1% compared to the summer of 2023.regaining ground lost in the past year, and adding more than 15,500 surgeries in the past twelve months. The Chairman links the rent situation to this rebound in sales. “If someone rents and finds historic increases and overvalued prices, buying and selling is their escape.. It’s not easy either, even though interest rates are falling,” explained the director, Luis Fabra.
Paralelamente, los precios de la vivienda también siguen creciendo “moderadamente”, en torno al 3,2% con respecto al verano pasado hasta los 1.561 euros/metro cuadrado y una media de 136.000 euros. Sin embargo, el principal “sensor” del mercado, que es la vivienda usada, ha tenido un crecimiento más intenso en sólo un año, del 7,1%, y en Zaragoza capital ya roza los 2.000 euros/metro.
Asimismo, sigue creciendo la compra por parte de extranjeros, hasta el punto de que se han batido todos los récords en los últimos doce meses. En este tiempo, el 7,66% de todas las operaciones han sido realizadas por extranjeros, siendo rumanos (29,42%), marroquíes (16,33%) y chinos (6,29%) los compradores que más peso tienen. “Estamos con una actividad muy relevante de comprador extranjero”, resalta Fabra.
2024-11-27 04:30:00
#homes #bought #mortgage #cash #payments #apartments #Aragón #skyrocket
**How does the Aragonese government’s current housing policy address the concerns of both local residents and foreign investors, particularly regarding affordability and community impact?**
## World Today News Online Exclusive: Decoding the Aragonese Housing Market
**Welcome to World Today News’ online interview series! Today, we’re diving deep into the complexities of the Aragonese housing market.**
To guide us through this fascinating tapestry of data and trends, we have two esteemed guests:
* **Dr. Ana Martinez**, Professor of Economics at the University of Zaragoza and a leading expert on housing policy.
* **Mr. Carlos Rodriguez**, President of the Aragonese Association of Real Estate Agents, with over 20 years of experience in the field.
**Introductions aside, let’s get started.**
**Section 1: The Rising Tide of Mortgage-Free Purchases**
**Host:** The article highlights a significant increase in cash purchases of homes in Aragón, especially in Huesca and Teruel. Dr. Martinez, what factors might be driving this trend? Is it purely financial, or are there social and cultural considerations at play?
**Dr. Martinez:** *[Discusses potential factors like inheritances, savings culture, and risk aversion towards mortgages amidst economic uncertainty. Could also touch upon affordability issues for younger generations who may find it challenging to secure mortgages]*
**Host:** Mr. Rodriguez, from your perspective on the ground, what are you seeing in terms of buyer motivations? Are cash buyers predominantly investors or individuals seeking their primary residence?
**Mr. Rodriguez:** *[Shares firsthand insights into buyer demographics and motivations. Could highlight observations about the types of properties most sought after by cash buyers and any emerging trends]*
**Section 2: The Balancing Act of Supply and Demand**
**Host:** The article mentions a rebound in home sales, potentially driven by rising rental costs. Dr. Martinez, how does this interplay between the rental and purchase markets impact affordability and accessibility for different income groups?
**Dr. Martinez:** *[Elaborates on the dynamics between the rental and purchase markets. Discusses the potential consequences for affordability and accessibility for different demographic groups, potentially mentioning the need for policy interventions]*
**Host**: Mr. Rodriguez, are you seeing a shift in buyer behavior, with people prioritizing homeownership over renting due to the current climate?
**Mr. Rodriguez:** *[Shares observations about changes in buyer behavior and the market’s response. Discusses the strategies employed by both buyers and sellers in this evolving landscape]*
**Section 3: The Role of Foreign Investment **
**Host:** The article notes a surge in foreign buyers in the Aragonese market. Dr. Martinez, what are the potential implications of this influx for local housing affordability and community dynamics?
**Dr. Martinez:** *[Discusses the potential benefits and challenges of foreign investment in the housing market. Could touch upon issues like gentrification, cultural integration, and the need for sustainable development policies]*
**Host:** Mr. Rodriguez, what is your perspective on the impact of foreign buyers on the Aragonese real estate landscape?
**Mr. Rodriguez:** *[Shares experience and observations regarding foreign buyer trends and their impact on specific market segments. Might also share anecdotal stories to illustrate the experiences of foreign buyers in Aragón]*
**Closing**
**Host:** Thank you both for providing such insightful perspectives on the Aragonese housing market.
What key takeaways should our viewers remember as they navigate these complex times?
**Dr. Martinez and Mr. Rodriguez *Offer their concluding remarks, emphasizing key points and potentially suggesting actionable steps for policymakers, consumers, and stakeholders.* **
**World Today News would like to thank Dr. Martinez and Mr. Rodriguez for their valuable contributions. We hope this interview has shed light on the evolving dynamics of the Aragonese housing market and sparked further conversations on this crucial topic.**
