The Association of Real Estate Agents of the Region of Murcia can provide some light. From the epicenter of this market they offer us their vision as professionals in the sector, and show us those dynamics that escape us due to ignorance. The profile of the person who rents in our land is a minority because “there is a clear mentality of buying about renting.” Leasing is more attractive to those who “still do not have stability”, whether for work or sentimental reasons. There are also individuals who choose to rent because they are not yet sure that they will have a fixed residence in a certain place. When young people find stability, they realize that “rent is a mortgage for life that will always go up” Despite the fact that the pandemic may have reduced the demand for housing in some cities (accompanied by a drop in prices), in the Region «the market remains more or less in the parameters of the previous years». Unlike cities like Madrid or Barcelona, house prices have not risen in our community to 2008 levels, say the agents. In these cities, the demand has fallen with the Covid and, inevitably, also the prices. A context different from ours because the demand in Murcia has continued the same. Focusing on the capital of our Region, the high profitability of buying homes and then renting them has aroused the interest of small investors. “From buying for the children and renting it while they are young” – points out the association – “even for mere investment given the low profitability of other media.” The profile of the large holders who invest in rent is still very minority for them. This type of entity “sees Murcia as one more market.” Despite this, they consider positive for the city market the presence of the so-called ‘Build to Rent’, corporations that make new homes exclusively for rent and that could increase the scarce supply in our capital. They conceive the limitation of rents by law as something negative. They consider that the effect would be the opposite to that expected, since if prices are regulated “the only thing they would achieve is that the supply falls”. Faced with a low offer, landlords would become “more demanding with the profiles of potential tenants.” They would condemn the neediest people to not being able to find a home, the association values.
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