BBVA: RE Sector Has Positive Outlook In 2017

18 January 2017 – La Vanguardia

BBVA thinks that the outlook regarding the real estate sector is “positive” and that this trend will continue into 2017, according to its report “Real Estate Situation in Spain” and the activity of its ‘BBVA Valora’ users.

For the bank, the progress in 2017 will be “very heterogeneous” across all autonomous communities. Specifically, Madrid and Barcelona currently lead the searches on ‘BBVA Valora’, for both the customer and non-customer categories. They are followed by Valencia, Sevilla, Alicante and other provinces such as Málaga and Cádiz.

At ‘BBVA Valora’, users can find information about house prices. Upon entering the address of the property, the tool returns the purchase and rental price, as well as what would be a “well negotiated price” for the buyer.

In terms of surface area, users tend to be most interested in purchasing properties that measure between 80 m2 and 130 m2, which account for half of the searches registered in the app

Original story: La Vanguardia

Translation: Carmel Drake