Tag Archives: Llivia

THE RENT IN CATALUNYA IN 2015

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The Minister of Interior, Public administration and housing, Meritxell Borràs, He has presented the report on the rental market in Catalonia 2015 and has announced the creation of a new law of urban leases catalana (LAU) the next year. In the presentation, they have also participated the Secretary of housing and urban improvement, Carles Sala; the president of the Chamber of urban property in Barcelona, ??Joan Ràfols, and the economist specializing in real estate cycles, Agustín Jové.

The report on the rental market in Catalonia 2015 It is based on the data collected by the Catalan land Institute * (INCASOL), Depositary entity of the bonds of the rental contracts, and allows you to get an idea of some key aspects of the rental market in Catalonia.

In 2015, is signed 141.000 new rental contracts in all Catalonia, a – 5,3 % the previous year. From these, 40.000 corresponding to rents in the city of Barcelona, ??which means a decline of the – 8,5 % with respect to the 2014.

In the metropolitan area, In 2015, It signed a – 9,1 % of contracts that the previous year. In the rest of Catalonia, the number of rental contracts is maintained with a moderate and sustained growth. In the Penedès, grew by + 4,4 % and in the rest of the territory, a + 1,6 %.

Despite the drop in the number of new contracts, for the second year in a row, the balance of new rental contracts remains positive, with more than 40.000 contracts across the country. Currently, the INCASÒL has more than 520.000 registered rental contracts.

Average rent

Rental prices have increased both the whole of Catalonia at Barcelona, ??In 2015.
– In the fourth quarter of 2015, the average rental in Catalonia was 572 €/month, a growth of the + 3,9 %, compared to the same period of last year.
– In the fourth quarter of 2015, the average rental in Barcelona is placed in 755 €/month, a growth of the + 7 %, compared to the same period of last year.
– In the metropolitan area, the increase is the 4 %, and in municipalities outside the metropolitan area remains in + 0,7 %.

The Government dismisses bubble symptoms in rent since, Although the prices have gone up, has decreased the number of contracts.

The expert in real estate data Agustín Jové pointed out that "in Catalonia, The 67 % the contracts are among the 301 in 600 €. In Barcelona, ??The 56 % the contracts are between the 450 in 750 €; 34 % is above the 750 €; and the 10 %, cost less than 450 € “.

The regional distribution of the rental market.

Barcelona and its metropolitan area concentrates the largest number of new rental contracts. There is also concentration in regions where there is tourism and seasonal rental, how the Tarragonès, the Gironès, the Alt Empordà, La Cerdanya, the Alt Urgell and Solsonès.

The rental income are higher in the regions where there is more demand, with two exceptions: the Vall d'Aran, where there is little rent – up to 10 rents for each 1.000 people – but more than 500 €/month, and el Garraf, where there is 15 in 20 rents for each 1.000 inhabitants, of more than 500 €/month.

In Barcelona

From 2013, the income tax return of the rentals in Barcelona increases and is situated at the level of the year 2006. On the other hand, reduce operations from that same year.

The increase in the rental Park has been more than 9.000 households in 2015 and the average price has been 735 €/month. Ciutat Vella, Eixample and Gracia are the districts with more rental contracts: more than 30 for each 1.000 inhabitants.

The district where the rent costs more money is passing of the Sarrià-Sant Gervasi 1.000 €/month. On the other hand, in Nou Barris, the average rental is close to the 500 €/month. Is compounded the polarization of the city, where the most expensive district is 2,03 Sometimes the cheapest.

There are two districts with the rent below 600 €/month: Horta-Guinardó and Nou Barris, they are also the Chamber and fifth in district, respectively.

A new law of urban leases catalana

The Minister of Interior, Meritxell Borràs, He announced that the Government is preparing a new law of urban leases catalana in front of the inefficiency of the current Spanish LAU, reformed in 2013 by the Government of the PP.

The current LAU "only takes into account the major tenants, not balanced the rights and obligations between landlords and tenants, It's not efficient ", stated Borrás, who designed the new draft for the second quarter of 2017.

"We will discuss with stakeholders, a cheap, local and University experts. We need this dialogue for a new modern LAU, they look for alternatives to buying and renting, new formulas of housing tenure, more options ", added.

Law 5/2015, Amendment of the Civil Code of Catalonia. The 20 June enters into force!

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Published in the OFFICIAL GAZETTE of the law 5/2015, the 13 may, Amendment of the Civil Code of Catalonia, related to property rights.

The law takes a chapter corresponding to the legal framework for regulating the Horizontal Property owners ' communities in Catalonia, to streamline it management:

– delete the ’ obligation to do first and second call of the Board of proprietors.
– gives more visibility to the Vice Presidency and regulates this position.
– discard the possibility of compensation for the charges of the community.
– modifies the majorities required in the making of ’ agreements.
– encourages mediation in the event of conflicts encountered in the ’ area of the horizontal property.
– replaces the term “building” by “property”.
– the estates passed to “horizontal properties by plots”
Also ’ he published the law 6/2015, the 13 may, of ’ harmonisation of the civil code of Catalonia.

The ’ entry into force is the day 20 June 2015

The communities of owners should inspect their buildings

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DECREE 67/2015, of 5 may, for the promotion of the duty of conservation, maintenance and renovation of buildings of ’ households, using the technical inspections and the book of the ’ building.
The communities of owners should inspect their buildings.
The Decree affects existing owners communities.
All residential buildings must pass the technical inspection of buildings, (ITE), before meeting the 45 years old.
As regards existing buildings will have to occur on the following dates depending on what their age:

Age of the building between 1951 and 1960: Until the 31 of December 2015.
Age of the building between 1961 and 1971: Until the 31 of December 2016.
Age from 1971: The year that the building complies with the 45 years old.
Communities of owners have to have the book out of the building that, from the receipt of the report of the ITE, must contain:

Instructions or recommendations for the use and maintenance of the building and its facilities.
Document file (new construction, user manuals, maintenance, etc.)
Event log.

More information:
» Decree 67-2015, of 5 may, for the promotion ….PDF [ + ]

Reasons to be positive with the ’ housing, but going with account

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The official statistics reflect an apparent stabilization of the housing ’. The experts claim that demand for flats will continue to grow and confirmed that it is a good time to invest by the attractive ’ profitability. However, warn of the possible rise of the Euribor ’. Discount to do so in the short term but warn of the danger that there will be when they start to do.

In general lines, experts and stakeholders in the real estate sector held the signs of optimism that ’ begin to see clearly. But some voices are clear that it is not gold that glitters, and that you should go with feet of lead in order to avoid to occur another real estate bubble as the experienced.

Experts such as Ignacio San Martín, responsible for the ’ service BBVA studies Real Estate, or Juan Fernández-Aceytuno, Director general of ’ ST Company valuation, point out four factors that demonstrate that the property sector is ’ is stabilizing, and even, recovering:

1.- The demand for housing ’ will continue to grow: San Martín ensures that the families income in real terms is growing, which will favour the demand. In addition to, the wealth of the families ’ has stabilized. You also have to count not only with national demand, but also for foreigners. Believes that this year will produce a new record of buying on the part of foreign.

2.- The ’ ’ excess supply will drop: Although slowly, the ’ stock was gradually reducing. The Ministry of public works is the ’ surplus ’ in 563.908 units in 31 December 2013, While BBVA Research the figure in 450.000, of which considered that a 30% are invendibles. This financial institution is confident that for the 2016 the ’ stock ceases to be a problem and you start to really absorb it.

3.- Stabilization of prices and even revaluation: BBVA says emphatically that the price of the ’ housing is stabilized and ’ dares to predict price revaluations this year. Sant Martí notes that the new growth of the demand for housing and ’ ’ stabilization of prices will cause the mortgage portfolio of the banks win in quality. “If the ’ rise in demand brings with it an increase in the funding and a stabilization of prices, This will improve the credit quality”, Add.

4.- Increase in the granting of mortgage ’: There is a return to mortgage financing, especially for individuals who want to buy a home. The banks have the need to give loans to increase earnings by interests of mortgages. In the current ’, the mortgage balance is falling and will continue to do so in the coming months if it is not that the banks stepping the accelerator ’ in the granting of mortgage loans.

But not all are positive news. If something has to worry about in this sector is a Euribor at historic lows. For the person you think about mortgage today, you have to keep in mind that the ’ Euribor, the ’ indicator used for the calculation of mortgage loans, has the entire route to climb.

For example, Adicae is one of the organizations that recommended not mortgaged today because “is a risk of non-payment ’ in the future”. The ’ Euribor is below but how much start up will cause the mortgage payments are high, as it spreads remain elevated with respect to the ’ era pre-crisis. “A superior interest at euribor plus a difference already represents a large increase. Above ’ Euribor + 2 It is dangerous “, make sure Manuel Pardos, ’ President of Adicae.

That's why there are experts like Juan Villén, responsible for ’ idealist mortgages, We recommend taking out a mortgage to a fixed rate so that you know what you pay every month. At the beginning of this year ’ Kutxabank launched a mortgage with a fixed rate of 2,5%.