Editorial:
The Ukrainian war broke out in March 2022 and this fact slowed down sales in the second quarter of the year, causing uncertainty and confusion among investors.
The gradual rise in energy prices began, affecting construction prices and prices in general, leading to the belief that this would lead to a generalized crisis and a drop in the demand for home purchases.
The government took several anti-crisis measures to combat the rise in prices, among others, limiting rental price increases to 2%, and this fact cooled investors' demand for rental housing.
In addition, before the end of the year 2022, the Senate gave its final approval to the "wealth tax", this tax is levied on the net worth of individuals with assets of more than 3 million euros, and its immediate consequence was to slow down the purchase of properties for rent.
3 million, and its immediate consequence was to slow down the purchase of luxury homes in the last quarter of 2022.
The interest rate hikes that the European Central Bank has been trying to slow down the rise in prices also seemed to us to be unfavorable for homebuyers and would cause property prices to fall.
In view of this, the first quarter of 2023 pointed to a general cooling of home purchases, however, the falls of the different banks, Silicon Valey Bank, Credit Suisse and now Deutsche Bank, made many buyers turn their intentions towards real estate investment which, at least, generates security for them.
The month of March 23 has arrived, and we see how despite the situation, the demand for housing continues unstoppable and only the lack of supply is what sometimes slows down the crossing of purchase and sale operations.
El Rea has the largest residential real estate offer in the north of Madrid, we are a reference agency with recurring customers and investors who have relied for years on our good work so we suggest you not stop coming to us for any real estate issue.
This magazine is a small sample of some of our properties, just a few ..., do not hesitate to contact us if you are going to make an investment.
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