Second home boom just before summer

The (partial) end of the restrictions imposed by the coronavirus has created a leak in the demand for housing that was impounded. The market is solid and is approaching pre-crisis levels both in terms of sales and prices, despite the fact that when the pandemic broke out, some experts predicted a collapse in the residential segment. Now, in addition, the ‘boom’ of second homes is joining. Data from the National Institute of Statistics (INE) show that during the first quarter of the year more than 130,000 purchases were closed, which is 1.9% more than in the first quarter of 2020, which only had 15 days of pandemic . At the price level, the trend is similar: after a year of … See More

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