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10 Real Estate trends that will define the market in 2016

From the recovery of domestic demand, until the return of the cranes and the promotion of new flats in the big cities. According to the real estate platform Aliseda, who also warn of the need to generate trust so that the sector can confirm the good feelings with which 2015 ended, ten trends will influence the housing market in this year 2016 that is just beginning.

"The consumer needs to trust the sector and it will be important that the real estate 'servicers' are able to explain the offer transparently. The off-plan sale will continue to reactivate and they must at least know the processes, the product and the necessary procedures, "said Javier de Oro, area director of real estate activities at the agency Aliseda Inmobiliaria.

According to the company, the major points that will shape the market in the New Year will be:

1.- The re-sale property, as the most sold. Sales of previously owned properties in Spain superimpose themselves upon new construction as a result of the reduced real estate stock and in the absence of new developments.

2.- The star of the market will be the house with three bedrooms. The buyer will opt for this type of property because the feeling of luxury and wellness begins with the space; this applies especially to the first residence.

3.- Foreigners will continue to buy second homes. The interest of foreigners in holiday homes has been particularly noticeable during the years of the crisis and remains in place today. 65% of the properties sold in our country as second homes have foreign buyers. But on the other hand, if we are talking about a first residence, only 5% are international buyers.

4.- Increased funding: recovery of domestic demand. The increased access to credit favours financing and has allowed the estimation that in 2016 the number of homes sold will increase by 15-20% compared to 2015.

5.- Price stability. The general trend is stable prices after years of declines, although there are still provinces, those with the largest amount of stock, in which prices continue to drop. The price of land, one of the main indicators of recovery, is increasing in major urban centers such as Madrid, Barcelona and the Costa del Sol, and is beginning to spread to other areas such as Alicante, Córdoba and the Basque Country, among others.

6.- Spain continues to be a country of buyers. Considering the option of renting out and the advantages to be gained hereby, the Spanish still prefer buying a home. It is possible that in the future the trend may change slightly to align with European trends.

7.- The house conceived as an investment. Homeownership remains part of the 'philosophy of life' of Spanish people as the owner feels protected by the current legislation.

8.- The cranes return to the cities. In 2015, the number of construction permits grew by around 20% and in 2016 it is expected to remain positive with a bagful of potential buyers. In the new home sector, demand could reach 80.000-85.000 units. While in re-sale, the figure could be around 70.000-75.000. Additionally, housing on the coast will continue increasing.

9.- Development rising. Current figures revolve around 50,000 permits but this figure is expected to continue to increase due to more new building permits. During the crisis 750,000 permissions were granted. The best figures speak of a total of 200,000 properties under construction annually in a short period of time.

10.- The new protagonists: the young. Those who have so far been most affected with regards to gaining access to a home will be the most interested in purchasing a property and will play a leading role in the sector in the future.

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