2014 will be the year of transition to the stabilization of the housing market , according to a research report by BBVA . After six years of intense adjustment in real estate , the bank estimates that this year will end with a correction of investment in housing more moderate than that of last year ( -3.4%) and that recovery will start in 2015 (+0.5 %). The slight reduction in interest rates on mortgages , improvement in employment and housing prices will cause demand to recover in the next two years.
Demand for housing is a thermometer in the housing market . and BBVA expects an improvement over the next two years for the following reasons : because it believes that there will be job creation this year , because mortgage rates remain stable or even decrease slightly to around 3 % in 2015 , thanks to the reduction of mortgage spreads , recovery of financial wealth and the expectations that the demand for housing by foreigners remain strong .
( posted 17/02/2014 Idealista )
