The real estate market closed 2021 as one of the sectors least affected by the pandemic. The prices, which were hardly affected, and the savings caused by the confinement in 2020, have raised the home purchase budget by 15,000 euros. A perfect cocktail, to which inflation must be added, which has contributed to reducing the gap between sellers and buyers to 2011 levels.
The brick is claimed as a refuge value, an opportunity for investors who are not prone to risk to combat the loss of purchasing power in times of crisis fueled, in addition, by rising inflation that seems to be increasing, as he recognized for the first time two weeks ago. the European Central Bank. The forecast of the Bank of Spain points to the rise in prices.
Little impact of the covid in the sector, more savings than ever and a perfect risk situation to ‘hide’ in safe values have meant that in 2021 the difference at the national level between the prices of supply and those of demand have come closer. According to an analysis by pisos.com, at the end of last year, the difference between the price for which the seller would like to close the operation and the price that the buyer would like to achieve was set at 34%, seven percentage points less than in 2020. This is a very similar percentage to that of ten years ago (in 2011 the gap stood at 33%)
The comparison that the real estate portal has been developing since 2009 shows the evolution of this dance between sellers and buyers. The difference between one and the other at the national level was 55% ten years ago and gradually decreased until reaching 20% in 2013. The scenario has been one of continuous comings and goings (25% in 2014, 23% in 201, 27 % in 2016, 26% in 2017…) and in which the data from 2018 stands out, when the gap between the two parties scored an increase of 11 points, up to 37%. In the following two years, the trend continued to rise: in 2019 it rose to 40% and in 2020 to 41%. For this reason, this year’s figure is especially relevant if it is located in a context of market recovery.
Average sale price was 150,240 euros compared to 112,500 euros for which the purchase was sought
The analysis of pisos.com looks at the prices, both for supply and demand, prior to the negotiation between both parties, so they cannot be considered final. Thus, the standard home in 2021 (for what the buyer was looking for) was set at 112,500 euros, compared to 97,500 euros the previous year, 15,000 euros more. The surface did remain stable at 80 square meters.
Well, although the average price of the offer grew from 137,520 euros in 2020 to 150,240 in 2021, the difference (over the price at which the demand is seeking) dropped from 40,020 euros to 37,740, due to the increase in the budget. They are 2,280 euros less than the previous year and the third highest difference in the last five years.
The purchase of housing has also been reinforced by the reduction in the price of mortgages, which have reached their minimum thanks to a Euribor and the fixed rate that is gaining ground as a parapet in the coming years. “And all without the banks having hardened or relaxed their conditions, since the European monetary policy still does not have in mind to reduce the stimuli,” they qualify from the real estate portal.
The highest starting price came from the Basque Country with an average of 247,500 euros
In the analysis by communities, only Galicia reduced its starting budget when looking for a home for sale, while Aragón, the Canary Islands, Castilla-La Mancha, Catalonia, La Rioja and Madrid raised it.
The highest starting price came from the Basque Country with an average of 247,500 euros. On the opposite side, Murcia, Galicia, Extremadura, the Valencian Community and Asturias pursued flats for an average of 67,500 euros.
The autonomies where supply and demand were closest were Castilla-La Mancha (-9%), the Basque Country (2%) and Extremadura (8%). The greatest imbalances occurred in the Valencian Community (64%), Asturias (58%) and Galicia (54%).
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