Tuesday, July 3, 2012

The improvement in prices of housing in Canaries


Since the beginning of the housing crisis, the big question is none other than how long it will take to dispose of the existing stock. And in response, the two or three years, has now passed the five, as Mikel believes Echavarren, CEO of consultancy Irea. More optimistic is displayed Juan Lazcano, head of construction employers, the National Confederation of Construction, who notes that "the end of 2014 could be absorbed" and this year it will help real estate construction contract "of less than 110,000 homes," down from last year.

In any case, one in three unsold homes is for holiday use, mainly, and this market is completely stopped. This means that more than 300,000 homes will require more than five years. Some experts say that up to 20, as suggested from the training center Garrigues.

The truth is that in large cities, there is already a significant shortage of new housing. It is very complicated to find in a well located and with good endowments.

On the other hand, maybe the next holiday home has a bounce, since many of their buyers are nonresidents. This is the case in the Canary Islands, where prices seem to start to rebound. Regarding the housing situation in Fuerteventura, has always been a major price differential between the Canary Islands and mainland, with lower prices on the islands. This situation is puzzling, since in the archipelago the problem of land scarcity is extreme. If we add the price of the current crisis, we understand that we are in a unique and unrepeatable to buy. Who would not do when we find studies from 35,000 euros in Fuerteventura (which we have advertised on fuerteventuraproperties.net), a tourist destination with great potential?

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