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Post by account_disabled on Dec 28, 2023 2:26:39 GMT -8
Positive, regarding the crisis in the Hispanic real estate sector. House prices continued to fall, but this year it would do so more moderately, that is, 7.8%. Percentage less than those greater than 10% in 2011 and 2012, according to data, now, from the National Institute of Statistics (INE). Similarly, this body informed us of a drop in home sales lower than that experienced in 2012. For 2013, the drop reached 2.2% (311,414 operations). The reformulation of the Spanish. Financial market The bursting of the real estate bubble brought hitherto unknown consequences for the Spanish real estate sector and the country's economy in general. At least temporarily, a model of business expansion based on the creation of Country Email List construction empires that could be linked to specific identities (Bañuelos, Soler, Martín, etc.) and a conjunction of the promoter attitude with a sense of business heritage was coming to an end. . The hard blow dealt by the crisis shook the foundations. This patrimonial structure and the great construction fortunes were forced to part with numerous real estate assets as a means of payment in the face of the crises they were experiencing. According to the INE again, more than 9,000 companies linked to the real estate field have had to submit to bankruptcy since the outbreak of the crisis. An unexpected consequence of this impact is associated with the acceptance of these real estate assets by banking entities, a sector that has had to be revived.
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