THE accommodation in Spain This is one of the big problems facing thousands of people in our country. The relevant policies approved in recent years have not completely alleviated a crisis that continues to be reflected in prices every time. … higher.
All of this translates into increased pressure for renters and difficult-to-achieve prices for those who opt to buy. Likewise, experts and economists point to other difficulties facing the market, such as bureaucratic obstacles during construction.
One of the economists who most often influences the housing problem in Spain is Gonzalo Bernardoswho participated in a conference on the real estate portal Fotocasa where he analyzed the current situation of housing prices and accessibility.
Gonzalo Bernardos analyzes the real estate market in Spain
According to the portal, our country’s market is experiencing a “sustained real estate boom” because there has been “a structural change in the way of buying.” According to Bernardos, “Accommodation takes care of itself; The challenge is to capture.
In this sense, the economist and professor emphasizes that We are not facing a “real estate bubble”but yes in the face of a “real estate boom”. “Prices are increasing, not because banks have extended too much credit, but because there is a low supply of new housing,” he explained.
“Prices are increasing, not because banks are granting too much credit, but because there is a low supply of new housing”
Gonzalo Bernardos
Economist
On the other hand, Bernardos also pointed out that the rhythms of life have changed since many vital projects, due to circumstances, begin after the age of 30, which, according to him, should be considered young “someone under 40.” He nevertheless recognizes that all young people who agree to buy housing do so thanks to family assistance because The jobs of these generations provide “tight incomes” and, in addition, rents are stressed.
In this sense, he said that many young people go into copra because “they realize that they pay more in rent than they would pay in mortgage repayments.” Bernardos explained that “in nominal terms, only about 35% of mortgage loans granted in 2006 are granted” and with less risk of non-payment because they are fixed.
“We are facing the largest transfer of money from parents and grandparents to children and grandchildren”
Gonzalo Bernardos
Economist
Likewise, he stressed that if in 2013 it was difficult to sell, “now it sells itself”: “What we have to do is give a bonus to the one who attracts it, because attracting it can be more difficult than before.” The economist also highlighted that currently the youth market is evolving in a context in which they need help to buy and that help generally comes from their families: “We are facing the largest transfer of money from parents and grandparents to children and grandchildren”.
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