A alert activated on the mobile usually alerts whoever is searching floor of each offer that goes on the market in a certain search area, from the real estate portals. And in Barcelonadespite the fact that prices remain sky-high and mortgages have slowed down the number of transactions, buyers know that it is time race to get the best properties. So much so that a study of Idealistic points out that the 26% of the homes advertised in the city last less than a week, judging by how quickly their ads are taken down. This speed of sale seems to be in line with that of the rent, since the same portal published another report a few days ago that revealed that 18% of its rental announcements last less than 24 hours. However, the speed of sale is even higher in Madridwith 30% reserved in less than seven days.
The speed of rentals can be attributed to the very low stock of the city and the thousands of people who every day look for an apartment that fits their budget, taking into account the unstoppable rising prices, with contracts that in the second quarter already reached 1,123 euros on average in the Catalan capital. But sales are more striking, given the general drop in operations (in September throughout Catalonia they were 28% less than a year before) due to the difficulty in accessing mortgages after the increase in interest rates.
Live demand
It sells less, but the city maintains a huge demand which is nourished by the local population, small and large investors and foreigners who come to live in Barcelona or who are looking to own a property, several point out. experts consulted.
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With this push, in the city one in every four apartments leaves the market in less than a week, usually due to its attractiveness or because the prices adjust to the current market. Another 13% take between a week and a month in finding an owner, while 28% last between one and three months. Finally, another 27% are on the market between three months and a year, while only 6% exceed a year. In these cases, sources from the sector add, they are usually overpriced homes, for which there is no interest until they are readjusted, or which due to the area, their condition or distribution are unattractive.
Making a comparison territorialIn Spain as a whole, sales in less than a week represent 21% of the supply, on average, with Seville in the lead, where express sales reach 35%. Madrid It is also located in the upper area, with 30%. In Catalonia, Girona It reaches 19% of cases at that sales rate, compared to 15% in Lleida and Tarragona.