With the end of the vaccination process, the housing market has begun to activate in the south of Gran Canaria and the sector agrees that 2021 will go well; But now the question they are asking is whether they are facing a consolidated growth path or a "champagne effect" that the general director of Cordial, Nicolás Villalobos, referred to in London at the World Travel Market.
The commercial director of Tinsa, Pedro Soria, believes that it is too early to know, but he foresees a moderate price adjustment with a greater impact on the coast - due to the disappearance for the moment of foreign demand - and maintains that it will behave "very new construction is better than second-hand construction and that the rental will be the "winner" of the game. Other experts have coincided with him at a real estate meeting organized by Simapro, in which the director of Studies and Training at Fotocasa, Ismael Kardoudi, has emphasized the important impact that, in his opinion, the implementation of teleworking will have on the market. real estate.
"If teleworking is here to stay, demand will substantially change in terms of housing characteristics, which will be sought with larger spaces, outside urban areas, even further away from cities," he predicted. At Fotocasa they have already verified that the search filters have changed due to COVID-19 and they highlight that interest in rural properties has increased by 40% compared to before confinement, as has also increased in chalets and semi-detached houses, while Searches for apartments have dropped by 14%.
Along these lines, the director of Institutional Relations of the College of Registrars, Fernando Acedo-Rico, who is property registrar in Tarancón, has declared himself "surprised by the good levels that have been maintained in June, especially in rural areas" in your municipality. "Paperback transfers are occurring with greater force than before and notaries have already warned us that there are hundreds of inheritance deeds," explained this expert, for whom the "asymmetric growth" of the residential market in Spain is one of the "big problems" that public administrations should address.
Meanwhile, the promoters are confident that new construction will not be affected by the crisis, although they recognize that they are expectant about the behavior of demand. Francisco Pérez, general director of Sdin Residencial, has indicated that, in his case, sales are still 22% below the pre-covid phase and has predicted that in the coming months the start of works will be delayed and work will be "slowed down". Off-plan sales.
He has also been convinced that there will be "little price adjustment" in new construction, although "there may be partial adjustments to finish a promotion or achieve pre-sales." As he explained, although June has been "very spectacular in terms of sales", last year with 40% fewer homes, they now sold 40% more units.
The director of large accounts at Sociedad de Tasación, Consuelo Villanueva, highlights that in the sector there is a debate about whether the transfer of tourist apartments to the traditional rental market will contribute to lowering prices, there is consensus that the rental market will be one of the winners of this crisis. According to Francisco Pérez, the investor has not disappeared and the residential sector continues to be a profitable sector (3,9% average profitability), in which "there are people who these days are buying the best pieces: on the coast the houses with views of the sea and in the city the large penthouses".