Aliseda – the real estate division of Banco Popular – has surveyed 8,500 Spanish residents for their opinions on the current state of the Spanish property market.
Here are the main findings:
- The average buyer has a budget of €121,000 for a flat of 90m2 and 3 beds.
- 80% think it’s a good time to buy
- 83% prefer to buy over renting if they can afford it, and 94% need financing
- 80% think bank repos are a good investment opportunity
- 40% think their home is now worth less than what they paid for it
- 60% still think house prices are too high
- 60% aren’t sure of the conveyancing process, including costs and rights
- 90% feel they need the help of a real estate professional
Aliseda presented the findings at a press conference where they also announced record results and objectives of two billion Euro property sales turnover for this year, up 33 per cent on 2014.
“In the first three months of 2015 we have moved as much as we did in all of 2013,” said Pedro Berlinches, General Manager of Aliseda (pictured above right). He revealed that Aliseda’s strategic goal is to become the “leader in the real estate management business, and a reference in credit management.”
David says:
I’m sorry to be cynical about Aliseda’s claims but there appear to be flaws in what they say. 1st they say they ‘want to be leader in the real estate management business’ so are bound to talk things up. 2nd a survey of 8,500 people is not representative of many Spaniards suffering through austerity measures, are there details of who the 8,500 are, their locations etc? 3rd a budget of 121k euros is not that large but does this budget include a mortgage? 4th if 60% think house prices are too high then why do they think now is a good time to buy? It is a somewhat strange survey and claim by a Bank which both sells property from it’s portfolio and wants mortgage business.