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We analyze the situation the real estate market: first half of 2014
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Patrimonial. Commercial. Consultant. Tax
Presented by:
Immaculada Amat
Prepared by:
Guifré Homedes Amat
Date: September 2014
1st half-year 2014
Find us Contact us Follow us Barcelona
Sant Cugat & Valldoreix Sant Just Desvern
(+34) 934.803.400 [email protected] www.amatimmo.cat
We note a
stabilisation in the
Rental market.
The average income
remained stable.
Rotation
improved
significantly.
Rental Market – Information from Amat Immobiliaris
This report compares the data of Amat Immobiliaris during the first half-year of 2014 with those of
the same period of the previous year.
The number of operations in this half-year compared with the same period of the previous year was
a little lower, with 1% fewer operations.
We may thus note a stabilisation of the market, upon which publication of the new Urban Rentals
Act (LAU) in the spring of 2013 has had no marked effect.
Rental Income – Information from Amat Immobiliaris
The average income remained stable over this period.
We nevertheless detected a fall in the average income in Sant Cugat del Vallès,
while in Barcelona and in Sant Just Desvern it increased.
The explanation lies in the fact that we administer and market an Investment Fund with quite a few
properties in the Sant Cugat area, with a substantial volume of rented properties, and in the fact
that we have consolidated our office in the city centre, where the type of rented property is different
from that which formerly predominated.
Rotation of Rented Properties – Information from Amat Immobiliaris
Rotation improved significantly in this first half-year of 2014. This data-item is always highly relative
to the price-positioning of the portfolio we hold.
We currently stand at an approximate average of 4 months, whereas at the beginning of 2013 we
stood at 5 months.
Patrimonial. Commercial. Consultant. Tax
MARKET REPORT – 1st half-year 2014
Find us Contact us Follow us Barcelona
Sant Cugat & Valldoreix Sant Just Desvern
(+34) 934.803.400 [email protected] www.amatimmo.cat
For another half-
year, we find that the
sales market has
shown an increase in
activity.
Prices have
stabilised, and seem
to be moving
upwards in areas
that are beginning to
lack newly built
properties.
Sales Market – Information from Amat Immobiliaris
This report compares the data of Amat Immobiliaris during the first half-year of 2014 with those of
the same period of the previous year.
The number of operations carried out by the Amat group was 71% up on the same period of the
previous year.
The total value of the properties sold also rose, though to a lesser extent than the number of
operations, at 60% up on the same period of the previous year.
Impact Sale Price – Information from Amat Immobiliaris
The impact sale price evolved differently in each area:
In the residential area around Barcelona city (Sant Cugat del Vallès, Sant Just Desvern,
Esplugues de Llobregat, etc.) it remained stable. The fluctuation was less than 1% upwards or
downwards, depending on the town.
In the city of Barcelona there were different variations depending on the neighbourhoods:
Diagonal Mar: last year, we still held a significant stock of newly constructed flats in the area.
That situation no longer held this year, such that only with second-hand stock and with high
demand we had an increase of over 5% in the mean impact of the sales made in the area.
Sant Gervasi: if we take no account of the status of the property (new or second-hand) we do
see an increase, for this year we have sold more new properties in the area. If, on the other
hand, we do take account of status, the fluctuation was approximately 2%.
Les Corts and Eixample: there was an upward trend of a little over 2%.
In summary, the average price of the sale operations remained stable overall, although in
Barcelona city it rose a little, while in the residential hinterland it fell by a similar percentage.
Rotation of Properties for Sale – Information from Amat Immobiliaris
The average rotation remained stable at approximately 7 months, as in the first half-year of 2013.
This period is clearly highly related to the price of the properties and to the substantial difficulties
involved in the price repositioning of new properties (sales of which have been reaching completion
over these last two years), strongly influencing the calculation of rotation.
Patrimonial. Commercial. Consultant. Tax
MARKET REPORT – 1st half-year 2014
Find us Contact us Follow us Barcelona
Sant Cugat & Valldoreix Sant Just Desvern
(+34) 934.803.400 [email protected] www.amatimmo.cat
Of the total sales
made in this period,
51% were of newly
built properties.
There is a return of
operations in middle
price ranges, which
had disappeared for
5 years.
We also again
concluded
operations of other
kinds, such as sites,
commercial
premises, etc.
In Barcelona city
nearly 50% of our
sales were to
overseas buyers.
Only 51%
of the operations
were financed.
Types of Properties for Sale – Information from Amat Immobiliaris
Of the total sales made in this period, 51% were of newly built properties.
In areas such as Sant Just Desvern and Esplugues de Llobregat, we had sold practically no
new properties due to lack of stock; in this first half-year of 2014, however, we have managed
to sell many of the new properties that had been taken into our portfolio.
In the city of Barcelona, and despite the fact that the stock of new properties is not abundant,
over 70% of the operations in this first half-year of 2014 were of new properties. As we said of
2013, in Barcelona city the foreign buyer market is very active, and those buyers generally
accord priority to new property.
We should stress that we have observed a rise in the volume of operations in the middle price
range (between €450,000 and €750,000) for second-hand properties, a segment that had
practically disappeared for over 5 years.
We might also note that this half-year brought operations of other kinds, such as sales of sites,
commercial premises and substantial batches of car parks.
Profile of Purchasing Clients – Information from Amat Immobiliaris
There persists a trend similar to that of the previous year. In relation to the first half-year of the
previous year, there was a 4% rise in sales to overseas purchasers. In Barcelona city they
accounted for nearly 50% of our sales.
Little by little, we have been concluding increased operations in the more residential area of
Barcelona’s hinterland. In many cases, foreign buyers were attracted to them by the international
schools in those areas, seen as desirable for their children’s education.
If we segment the operations by price, we may note that, in the property price range below
€500,000, 91% of buyers were in the domestic market.
The overseas buyer market is still dominated by buyers from Russia and surrounding countries,
very closely followed by North African buyers (basically from Egypt). Other buyers were from China,
Venezuela, Belgium, France and the UK.
The typical purchaser is:
family of middle-upper socioeconomic status
aged between 40 and 50 years
with children
professionally well-positioned
(managers, business people or liberal
professionals).
Only 51% of the operations were financed.
Patrimonial. Commercial. Consultant. Tax
MARKET REPORT – 1st half-year 2014
Find us Contact us Follow us Barcelona
Sant Cugat & Valldoreix Sant Just Desvern
(+34) 934.803.400 [email protected] www.amatimmo.cat
Day by day, we
improve our
knowledge, we learn
and we put into
practice new
marketing and sales
techniques.
Marketing
Celebratory event for the 65th anniversary of the company.
Drawing up the Annual Report for 2013.
The Chamber of Commerce awarded us the prize for Best Business Career
First video of a property taken from a Drone.
Conference for clients at the Mediolanum Bank.
We continue strengthening our international relations with active participations at different
fairs,congresses and meetings with real estate agents from all around.
Participation at the Luxury Real Estate Conference in Monte Carlo.
Sales trip to Russia.
Exhibition at the Luxury Property Showcase trade fair in Beijing.
New member of Mayfair International.
By maintaining, strengthening and expanding these relationships, we can:
Extend the possibility of bringing in clients for the properties we market, and be reference agents in
Barcelona for many other estate agencies around the world.
