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Housing market confidence in Catalonia rises

The Barometer of confidence in the housing sector indicates a restoration of trust for the first time since the beginning of the economic crisis

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05 August 2010 12:04 AM

by

laura.pous
The level of confidence in the future of the housing sector is rising for the first time since the construction industry collapsed in 2007, according to a report. The study indicates that estate agents, citizens, public administrations, developers, financial institutions and architects perceive a trend towards greater recovery in the housing market. 
The recovery is apparent both in the number of sales made and the number of rental agreements signed. The results of this last poll instil confidence in estate agents as regards the prospect of selling or renting properties in six months’ time.

Similarly, the public indicates that it is getting easier to access a rental property because the landlords are developing greater levels of trust in their potential tenants. In fact, in the poll estate agents confirm that they perceive clients as financially solvent as they were in 2007, before the crisis. This change in attitude coincides with a reduction in the number of delinquent accounts.

The poll indicates that families feel that they can afford the bills. Confidence in people’s capacity to pay the mortgage is increasing, despite the fact that interest rates remain the same as last year. The poll also suggests that financial institutions, such as banks and saving banks, are less satisfied, because money is cheaper than it was before.

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  • Confidence in the housing market has risen

  • Confidence in the housing market has risen

  • Confidence in the housing market has risen
  • Confidence in the housing market has risen