The price of the housing broken its uptrend and falls a score of 1.17% for the Covid-19 in the first half

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The Covid-19 has impacted prominently in the behavior of the housing, according to the semiannual report prepared by the real estate portal Pisos.com that covers the first half of the year, which included nearly three months of confinement. In particular, the average price of second-hand housing- 1.691 euros per square meter – has fallen a score of 1.17% in the first six months of the year. Level year-on-year, the crop has been of 1.46%.

For the provinces, which have registered the biggest rebound in half-yearly have been to Gerona (4,45%), Cuenca (3,90%) and Huelva (3,21%) . At the other extreme, have been Lugo (-7,31%), Ourense (-5,46%) and Salamanca (-4,15%). In interannual terms, the biggest turnaround has taken place in Alava (+4.88 per cent) while the greatest collapse took place in Lugo (-9,83%). By average price per square metre, the province most expensive was Balearic islands (3.171 € /square meter) and the cheaper, Basin (739 euros/square meter).

For the capital of the province, compared to December of last year, the biggest upticks in price took place in the P ontevedra (5,87%) , while the biggest fall of the prices took place in Cordoba (-3,57%) . San Sebastian repeated as the capital’s most expensive Spain (5.122 € /square meter) and the cheapest Avila (issued 1051 euros).

In the opinion of the director of Studies Pisos.com, Ferran Font, “the settings that are being collected will occur in a context that is as particular as it is the pandemic of the coronavirus”. For the spokesperson of this real estate portal after what has been referred to as a parentheses – in reference to the months of confinement – that would be a “correction” that you do not see very sharp at the moment.

In this sense, has been considered essential to “stability in employment” for the granting of mortgages and shown their expectancy after a while to maintain the transmissions. “ The demanada will eventually resume their building plans , which will encourage the activity to return to normal in the second half of the year.” In his opinion, the european aid will have a role very important in the flow of credit “facilitating the financing of companies and individuals”.