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Developers Assure the Moment to Buy is Perfect

2/09/2014 – El Economista

The Spanish Association of Developers-Builders (in short APCE by its acronym in Spanish) assures it is ‘the ideal moment‘ to buy a dwelling as generally the ‘prices have bottomed-out‘, says its president Jose Manuel Galindo.

According to Galindo, the adjustment in prices has been proven by a 1.5% rise year-to-date. He claims the values are ‘swinging‘ and ‘pro-cyclical‘ as they deepen the distortions with visible ups and downs during the economic progress.

‘I wish they were more stable‘, complains Galiano. ‘We would like the prices to be tightly related to the cost of living index in the moments when it jumps and when it dips down‘. Given all that, the president of the APCE believes ‘the pendulum is at its extreme low‘ and therefore ‘the time to buy a home is perfect. In several years, we will see property values growing higher and higher‘.

 

Original article: El Economista

Translation: AURA REE