17.4% of Spaniards seek, rent or buy a new home to become independent of the family home. Almost half of searches for a home occur in parallel with family changes: with the birth of new children, after death, divorce or the independence of the youngest. Madrid, July 30 ...

47% of Spaniards decide to look for a new home due to changes that occur in the family

  • 17.4% of Spaniards search, rent or buy a new home to become independent from the family home .
  • Almost half of searches for a home occur in parallel to family changes: with the birth of new children, after death, divorce or the independence of the youngest.

Madrid, July 30, 2018. - Century 21 Spain , the largest real estate intermediation network in the world, presents the "I Observatory of the Housing Market in Spain", an initiative that aims to shed light on the current situation of the housing sector in our country, and where trends are reflected, attitudes and opinions of both buyers and sellers and tenants and landlords regarding the characteristics of the housing and emotional factors that conll evan the change of home.

From the I Observatory of the Housing Market the different motivations that drive Spaniards to look for a new home to form their home have been analyzed. According to this study, 47% of these searches in the real estate market of a new home, whether to buy or rent, occur in parallel to the changes that occur in the family.

On the 17th, 4% of Spaniards carry out this process, driven by the need to become independent and live on their own, while 14.7% leave the home in search of a cohabitation as a couple. Both reasons are predominant in the age group of 18 to 29 years.

In addition, the increase of the family (9.9%) especially in the group of 40 to 49 years, the separation or divorce (3.3%) in the group of more than 50 years, and the decrease of members in the home (1.7%) equally among those over 50, are also some other reasons that encourage the Spanish to undertake the search for a new home.

Another of the predominant reasons, according to this I Observatory of Housing, is the need to move from being a mere tenant, to becoming the owner of a house ( 16.1%), in contrast to a 12.6% whose objective is to find a new home due to a series of job changes to be closer to work or to move it, and 9.4% want to move to an area that they consider better for various reasons, to establish their life. Only 2.7% buy a home as an investment, a reason highlighted by those over 50.

Ricardo Sousa, CEO of Century 21 for Spain and Portugal, comments: " According to the data provided by the study, all agents in the sector should focus on people and its needs and abandon the speculative logic that has characterized it until now. More than economic cycles are the changes in people's lives that generate the needs of the home - be it purchase, rent or sale. "

Author Article: Century 21 Spain

A-Z Guide to hire your Reformation...

This is a complete guide prepared by Reformas CRP addressed to owners in which these points are addressed: How to decide the type of reform you need How to know if a house has potential (before buying it) How to manage the budget Ways to save while maintaining quality How to improve the distribution Pros and cons of ......

The credit to real estate activitie...

According to the report "Evolution of credit to productive activities in Spain by activity sectors", published by AIS Group (specialist consultant in credit risk management), the portfolio of loans to companies engaged in real estate activities fell more than 10,800 million euros between 2016 and 2017. This fall in credit to this segment means ......

Madrid creates the Registry of Real...

Registration will be voluntary and professionals must prove their professional training. On February 13, a communiqué was published confirming that the Government Council has approved the decree creating the Real Estate Registry of the Community of Madrid. The main purpose of this registry is to defend and protect the rights ......

5 Ideas to apply to real estate mar...

In such a competitive sector, as it is the one that concerns us, it is essential to be aware of some techniques or ideas to apply to the real estate marketing itself. This will help us achieve our goals and be at the height of such competition. But first let's caution that you have to be careful not to confuse the ......