Written by Contact Us

Valdebebas, the main market floor

The real estate course starts strongly. The price of land pulls the market in Madrid. The operations follow one another and Valdebebas is one of the areas of interest, where there is also little land available for housing. Soil commercial It is also active.

In fact, in recent months several relevant transactions have been closed in terms of price. According to information from El Confidencial, Acciona has bought from the Celteo Business company, a plot of 31.700 square meters - 26.018 square meters for residential and 5.755 for commercial. And has paid 2.000 euros per square meter, double what was paid five years ago.

"It is an area that is already consolidated, at the residential level, and there is very little land available," he says Luis Corral, CEO of Contact Us. There are currently 11 promotions underway -Inbisa, Amenabar, Ibosa, Gestilar, Real Estate Space ...- which add 857 homes, of which almost half are sold.

House prices range between 450.000 and 650.000 euros (depending on the size of the house), with average square meter prices between 3.800 and 3.700 euros.

Only 18 of the 141 plots of the scope are pending development, just over 10% of the total. "We estimate that there is between 7% and 10% of buildable square meters in free housing, to which the land owned by the town hall and protected housing should be added," said from Foro Consultores.

The price of the square meter is between 3.700 and 3.800 euros.

For Luis Corral, Valdebebas is a special area. «Two submarkets have been configured. On the one hand, the replacement product thought for a client that comes from Las Tablas, Sanchinarro or Montecarmelo, You are looking for bigger houses. And on the other, the first home, with fewer square meters ».

You can see all the information in this area in the article by Elena Sanz in El Confidencial


Written by Contact Us

Euribor, purchase prices, rental market ...

The next months will be important for the real estate market. The economic situation and political uncertainty will set the agenda. The newspaper La Razón has analyzed in detail the situation of the sector. The keys to the real estate market: euribor, prices ...

Experts from the sector, including Carlos SmerdouCEO Contact UsThey have dealt with the following topics: How is the housing sales market, the trend of interest rates with the Euribor as the axis, in addition to the mortgage demand. Not forgetting the rental segment. What about supply and demand. Youth and housing or the effects of the Mortgage Law.

All these keys are in the theme of the week.


Buy house
Written by Contact Us

The preferred months to buy a house

Although there are sales throughout the year, there are some preferred months to buy a house. In Contact Us We have some data (based on our sales) that set the trend that we tell you. What do Spaniards like? When are you looking for housing?

The summer months They are some of the favorites. As it stands out Carlos Smerdou, CEO of Foro Consultores, “customers have time to analyze the areas and see more homes that may interest them.

In the case of a second residence, those who did not buy before the holidays, will have more time in August to visit preferred areas or homes of interest. And here is another fundamental ingredient, especially if we are already at the end of the holidays. The buyer can still get a discount, since, at the end of this period the owner has not sold, it is normal to have to wait or make a sale. Obviously, it depends on the sales needs. And if we talk about Habitual housing, vacations provide more time to study needs.

After the winter slowdown ...

The arrival of the spring reactivates the real estate market. Good weather also helps. But there are several reasons. On the one hand, the seller prefers to take the house to the market and go on vacation. And at the same time, the buyer considers that it is a good time to acquire the house, because that allows him to do works or change his children from school, if necessary.

That in first home, in second home is the ideal time if the goal is to have a house to spend the summer holidays.

Faced with these active months, October, January and February tend to be the least active.

All the information in our usual collaboration at Fotocasa.


real estate market evolution
Written by Contact Us

What happens in the real estate market?

The latest data on the housing market marks a trend towards moderation. Signature of mortgages, operations of sale ... Something that could be positive, since it avoids pendular behaviors. But what is the evolution of the real estate market? What factors are influencing this sector?

Luis Corral, CEO of Contact Us, notes that “the economic moment tends to influence more than political uncertainty because it affects the expectations of citizens. However, he adds that uncertainty does not help boost this sector.

But what are the economic keys? Idealista News, by the hand of Ana P. Alarcos, has done an exhaustive analysis of the main magnitudes that affect the Spanish economy.

  • El GDP It grows at a slightly lower rate. The US-China trade war and Brexit do not help
  • Unemployment. There are still millions of temporary employees
  • Mortgages have fallen in recent months, although it could pick up as the Euribor It is at a minimum.
  • La sale of homes It has withdrawn in the month of June, according to INE data
  • At the same time, sales prices slow down their growth.
  • Not so rents that remain at maximum.
  • Uncertainty makes investors analyze operations more, something reasonable.

However, this moderation indicates that the real estate sector has entered a moment of maturation and the increases are more logical and not pendulous.

But if you want to see the keys that affect the sector, do not miss the news in Idealista News with the participation of various experts in the sector, including Luis Corral. Graphs of sale, prices and other macroeconomic figures, where the evolution is appreciated and what happens in the market.


professional housing rental
Written by Contact Us

Towards the professional rental of housing

In Spain, the rental housing stock is owned by individuals. It is estimated that around 95% of leased homes. In this situation, promoters and funds join forces to boost the professional rental of homes.

Let's not forget that in the last ten years the rental market has grown significantly. The inability of young people to access a property home is one of the reasons. Attached to a change of mentality.

This new system offers many advantages to the promoter, since it reduces commercial risk, increases asset turnover. And at the same time increases the housing stock in Spain.

For Luis Corral, CEO of Contact Us, “This option allows you to recover invested funds faster and take a percentage for turnkey management. In addition, this business represents the opportunity to sell a large number of homes in bulk to a single buyer, simplifying the commercial process. ”

A large part of the rental housing stock is held by individuals

In addition, the perspectives of the sector indicate that more and more people will want to live in the center of the cities. Taking into account that real estate infrastructure in the city is limited, and that for new generations home ownership is a decreasing trend, the role of rent and new alternatives to optimize residential space in cities will be crucial.

Industry experts have analyzed the pros and cons of this business in the magazine El Inmobiliario Mes a Mes. Market trends, promoters and interested funds ...


real estate cycle change
Written by Contact Us

Real estate market: change of cycle?

It is becoming the million dollar question: When are we in the real estate cycle? Will prices continue their upward trend? will go down? Is the situation the same in all cities? Is there a rental boom? Is a cycle change coming?

For Rubén Cózar, director of the residential area of Contact Us, you can not talk about cycle change. From their point of view, there are cities where prices have been revalued as is the case in Madrid, but others are still submerged in past prices and large stock.

In addition, he insists that you can not talk about price drops. Simply in some promotions there has been a slight readjustment Likewise, it stands out that we continue to build very little in response to the needs of demand. The keyword is the moderation in the price growth.

For Rubén Cózar, Director of Residential of Consulting Forum, you can not talk about changing the cycle, just moderation.

All these issues and some more as young people and housing, how much rent has increased in recent years? What will be the market trend? have been treated in the Real Estate Forum program of Intereconomy Radio.

Rubén Cózar and Beatriz Toribio , director of Estudios de Fotocasa, reviewed the market situation during the first semester of 2019 and the evolution for the next months. If you want to solve some of the unknowns, do not miss the podcast of the program.


Image : crdeprada

parking spaces
Written by Contact Us

Parking spaces, profitability and prices

Like an accordion, political changes cause modifications and affect the real estate sector. The case of Central Madrid reflects this situation. The decision of the former municipal government of Manuela Carmena to close a large area of ​​the capital to traffic, meant an increase in the price of purchase prices and rental of parking spaces. Now, the tables have changed and a new question arises: if the situation is reversed, what will happen to the garage market in that area?

A question that industry experts, including Luis Corral, CEO of Contact Us, have addressed in the magazine Inversión. But not only Madrid, profitability and prices are also analyzed throughout Spain.

Key questions for those who want to invest in this market segment. What should you keep in mind? In what areas? The profitability of the garages oscillates, on average, between the 5 and the 7%, above the 4% of the floors. But yes, you have to analyze what is bought and where.


keys of the real estate market
Written by Contact Us

Keys to the real estate market

Luis Corral, CEO of Real Estate, believes that we should look for stability, with logical and not pendular oscillations. «Our sector depends a lot on the economic situation, and this seems to weaken». From his point of view we should ask ourselves where we come from, where we are and where we are going. And learn from the mistakes of the past. These are some keys of the real estate market exposed in the section #In front of the mirror de Caralin Group.

Consider that the residential real estate market has already been consolidated. In the last two years, only the big cities pulled the market. Now there are more areas at stake and new housing is being produced again. Example of them are Burgos, Valladolid, Zaragoza, Córdoba ... And not only in the provincial capitals. On the coast, especially in the Mediterranean, the supply is increasing, after years in dry dock.«Everything had seemed infinite, until it touched" to cross the desert "»

«At Foro Consultores we believe that we are in a solid cycle. But there is a vital challenge. Let's make an exhaustive analysis of who the future clients are and how far their purchasing power goes. The investment decisions that are made now and are based on price increases of the annual 10%, will fail without a doubt. The promoters should buy land to sell today, not thinking about future revaluations. That would avoid the risk of a new "bubble" and repeat past situations ».

These are just some of his reflections, the rest you can read in the entire rostrum.


Rental housing
Written by Contact Us

Are you going to rent a house? Some key issues

The demand for rental housing is increasing, although the offer does not accompany, especially in some areas. This may cause some precipitation so as not to lose the house. Hence, before signing, it is necessary to check some points. In addition, the new decree introduce changes you should know. These are some of the key issues.

Location and control of housing

Is it a noisy area? What is the neighborhood like? Is everything in order? Do the appliances work? ...

Everything in writing

The words are carried in wind. And in the contract should be clear everything that includes a rental and agreements between tenant and landlord. Below, you can read the most relevant sections:

Price.- It is necessary to specify monthly payment, day and method of payment and the mechanism of the annual review of the rent. Also, what is the bail or endorsement.

Expenses.- Who pays for community, the IBI or the garbage tax?

The words are carried in wind, so everything must be reflected in the contract

Duration.- The end of the rental agreement will be established between the owner and the tenant, always respecting the law, where there are changes. For example, it expands from three to five years the duration of the contracts. If the property is a company or legal entity, the time is longer (seven years).

Are the supplies discharged? Is ownership changed? or are they still in the name of the owner and does the tenant provide an account number for domicile?

Arrangements.- This aspect tends to be a source of controversy between tenants and owners. Who is responsible for repairs? What the contract says will be key.

Recover the property.- Here there are modifications with the current regulations. If the owner wants to recover the house, he must leave it in writing in the contract and give four months' notice.

Extension.- If on the expiration date of the contract, or any of its extensions, (after at least five years, or seven years if the lessor is a legal entity), neither party has notified the other, its will not renew it, the contract will be extended for annual terms up to a maximum of three more years. And, with how much time should it be done? At least with four months in advance in the case of the lessor and at least two months in advance for the tenant,

Unless the lessee manifests to the lessor one month before the date of termination of any of the annuities, his wish not to renew the contract.

Use of housing and inventory.- The use of the tenant is permitted in the contract. In the event that it is a furnished apartment, it is important that the contract has an annex in which all the equipment is specified.

All these points you have broken down in our collaboration in Fotocasa.


flat houses
Written by Contact Us

Sales of flat houses are normalized

The pace of sales of homes on flat begins to moderate or normalize compared to last year, especially in some large cities and the Costa del Sol. The increase in supply and price increases may be one of the causes.

To this it is added that in the previous years everything was sold because it coincided with the exit to the market of the dammed demand. Customers who had been waiting for the arrival of new housing for years, after years of construction paralysis. Obviously these have already bought and now, sales are a little slower.

And the real estate market, as I said a few months ago Carlos Smerdou, CEO of Contact Us, se moderate because it has consolidated.

But, what does the sector think? Luis Corral, CEO of Foro Consultores talks about the "two Spains", the one in which the real estate recovery has not yet started or is very limited and the one where prices have grown rapidly in recent years. It points to Madrid, Barcelona, ​​Valencia, Malaga, Seville and Cordoba where "the market is closing a little," he says. "There are many people who at certain prices or can not buy or banks do not let them," he says.

If you want to know the opinions of the rest of the experts, you can read them in the report of Alfonso Simón in Cinco Dias.


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