Alternative financing, key to housing market consolidation

The sale price of housing in Spain accumulates quarters, already more than four, of continuous growth in prices, standing at record highs after having reached 2,051 euros per square metre. Year-on-year, prices have advanced by 6%, according to data from the real estate big data platform 'Brainsre'.

The average ticket currently stands at 336,191 euros, a figure that has also grown considerably in the last twelve months if we take into account that in the second quarter of last year the average price was 300,756 euros.

If we analyse the price of new and used housing separately, the difference has been increasing in recent years. Currently, the difference between the two house prices is 40%. The price of new construction stands at 2,858 euros per square metre, 10.5% more than in the same period last year.

From the Business Development Department of DEXTERÁngel García, who has more than twenty years of experience in the real estate sector, points out that "I wouldn't talk about a price escalation, or prices that are artificially inflated, but the reality is that there is a very consolidated trend. There is strong demand in general in the market, especially in large cities and coastal areas. And developers are managing to get their projects off the ground largely thanks to alternative financing with private capital. This is proving to be a fundamental tool for understanding the overall dynamism in the market, which of course includes the end buyers".García concludes.