Real Estate Market Report MR-2015-1S by Amat Immobiliaris

Patrimonial. Commercial. Consultant. Tax

Presented by: Immaculada Amat Prepared by: Guifré Homedes Amat Date: September 2015

1ST HALF-YEAR 2015 Rental Market – Amat’s data st

We note a stabilisation in the Rental market. The average income has increase this

period. Rotation improved

This report compares the data of Amat Immobiliaris during the 1 half-year of 2015 with those of the same period of the previous year. The number of operations in this half-year compared with the same period of the previous year was a little lower, globally in all our offices. Although we must segment this data in order to understand it better:  In 2014 at the Sant Cugat office we had available a significant stock from an investment fund which enabled to make more leases than usual. This year this stock is already normalized and has returned to a usual level of procurement. st  At Barcelona office, contract levels have been higher this 1 half-year.  Although with a slight decline at Sant Just office it has been almost stabilized.

Rental Income – Amat’s data

significantly. The average income has had a significant increase compared to the same period last year. It specifically increased 15%. The increment value should be taken with caution since in many cases it may be determined by the type of property leased in a given period. Even so, it must be said data indicates a moderately rising of the average of income trend.

Rotation of Rented Properties – Amat’s data Rotation continues to improve consecutively every semester. Nowadays in the rent market the property is marketed rapidly when it is offered with a market price. We are currently in an average of just over 2 months, when we were in 4 months approximately at the beginning of 2014.

TROBI’NS Barcelona | Sant Cugat & Valldoreix | Sant Just

CONTACTI’NS 934.803.400 | info@amatimmo.cat | www.amatimmo.cat

SEGUEIXI’NS

MARKET REPORT – 1ST HALF-YEAR 2015 Sales Market – Amat’s data st

The challenge of this semester has been to maintain a good level of sales with a little stock.

Prices without major

This report compares data from Amat Immobiliaris during the 1 half-year of 2015 with the same period the previous year. This semester the number of operations and its volume has been lower than the same period last st year. In general it has been a semester with two periods: 1 quarter with a similar or greater than nd last year, and a 2 quarter with less activity. We foreseen this operation drop since last year this time we commercialized a high standing brand new real estate development which meant a high volume of sales.

Impact Sale Price – Amat’s data

changes. New

The price of impact has had different trends depending on the area:

developments fix

 In the residential area around Barcelona city (Sant Cugat del Vallès, Sant Just Desvern, Esplugues de Llobregat, etc.) has been a different behaviour depending on the type of property:  Second hand, there has been an upward trend but fairly light.  Brand new. Many high standing developments are being marketed which fix substantively higher prices than last year. Being so different from those of the previous year promotions it’s difficult to buy.

market prices where haven’t been no reference for ages.

The Market has been

faster, most of all with the formula: nice flat, nice area and market price.

 In Barcelona city have been different variations depending on the neighbourhoods:  Diagonal Mar: There is little stock available this area of the city and the high demand specially in international market is very high, which means prices remain high. They have no changed compared to the previous year.  Sant Gervasi: in this area we have had more activity than in the same period of the previous year. Prices evolution depends on the conditions of the property and this is an area with a high number of flats to reform. However, the average impact has remained stable  Turó Parc: in this area the trend has been upward in a little more than 3%.  Les Corts i Gràcia: in these areas, the trend has been to remain stable, with fluctuation of less than 1%. st

In short, there have been major differences in the average sold price of impact this 1 half of 2015 with regard to the same half of the previous year. Although it should be noted that the offering of new developments with prices no seen in years marked higher prices in some areas.

Rotation of Properties for S ale – Amat’s data st

The rotation average has been reduced this 1 half of 2015, at the moment focused on 6 months approx. It is evident that this value is closely related to the starting price of real estate. As we have already said, the challenge today is to have a stock of quality. When the product is good and has a correct price, the market is extremely fast, this fact we found it many times this semester.

FIND US Barcelona | Sant Cugat & Valldoreix | Sant Just

MARKET REPORT – 1ST HALF-YEAR 2015 Types of Properties f or Sale – Amat’s data This semester is remarkable the large number off-plan sales.

Sales are focused on a significantly higher fringe than previous years

The total of sales made in this period, 51% were new construction. This fact coincides with last year, but the big difference is that in this case the majority has been off-plane reservation instead of finished product.  In areas such as Sant Just Desvern and Sant Cugat del Vallès, promotions of new reference have continued popping up placed in the medium-high product market.  In Barcelona city, this has been a semester where the real estate available stock has been one of the main nd problems. It is expected the 2 semester to have more projects of new reference and to mark real estate market. Where do we already have noticed a difference has been in the second hand sales price average, which during crisis years it has been fixed on €300,000 but this year has increased to €400.000. st

Note also that in the 1 half of 2015 there has been made other kind of operations such as for example sales of plots and premises

In Barcelona city nearly 50% of our

sales were to overseas buyers.

Profile of Purchasing Clients – Amat’s data It follows a trend similar to last years. In Barcelona city, foreigners still represent 50% of our sales, whereas in the other areas the domestic buyer is predominant. 75% of transactions with foreigners have been in properties over €500,000. The market of foreign buyers has stopped being dominated by Russians and adjoining countries, although they are still one of the most important buyers. Other nationalities who have bought this semester were: China, United Kingdom, Egypt and some South American countries

More than 60% of the operations were financed.

The typology of buyer is different depending on the price range and nationality:  International customers have an average age of 42 years and have access to high price range.  In contrast, national costumer who accesses to high prices has an average age above 50 years, whereas those among 40 and 45 years old access to properties of middle and lower price ranges. There have been made some sales to national clients with ages below the age of 35, but they still represent a small percentage. Gradually feels there is a better access to credit since the percentage of financed operations has st been higher than the same period of the previous year. Specifically the 1 half of 2015 more than 60% of the operations have been financed.

FIND US Barcelona | Sant Cugat & Valldoreix | Sant Just

MARKET REPORT – 1ST HALF-YEAR 2015

Marketing INTERVIEWS

Day by day, we

 We keep up a close relationship with our costumers and colleagues We participate in Real Estate Congresses and worldwide exhibitions.

improve our knowledge, we learn and we put into practice new marketing and sales techniques.

Keeping up, maintaining, strengthen and expand these relationships allow us to: Better meet our customers to offer what they want, learn from the successes of our colleagues, strengthen and expand our network of international partners, thus increasing the chances of attracting customers to the properties we sell, and be agents of reference in Barcelona for many other real estate companies worldwide

NEWS

 Newspaper and TV interview us as a market experts (La Vanguardia, The Times, Forbes magazine, El Punt Tv)

They know we analyze our activity data and market activity, we are constantly informed of the of sector movements and we reflect on the current situation. AWARDS The result of our values and concern for doing things (VII Factor Humà Merce Sala Award)

FIND US Barcelona | Sant Cugat & Valldoreix | Sant Just