Global Housing Market News Roundup

We have a lot of housing market news arrive in our inbox here at OnlineMarketplaces. Here is a roundup of some interesting points we have seen in the last couple of days.

Spain - Top Spanish portal Idealista released a report showing that the percentage of searches for property in the regional capitals is climbing again after initially falling during the lockdown period. In January the percentage of Idealista searches for property in Spanish regional capitals was a very stable 44.1%. This figure then dropped to 38.8% during the lockdown period as people got cabin fever and wanted more space. Since the state of alarm ended on the 21st of June, though the figure has been climbing again and now stands at 40.4%. Perhaps a sign that reality is biting and exposing people’s escapist rural housing desires as just pipe dreams. 

UK - Housebuilding company Redrow commissioned a survey of 2000 people which shows that those most likely to have switched priorities in terms of what sort of home they are looking for in light of the global pandemic are those with young children (54%) and those who have been working from home or furloughed (39%). Interestingly, 34% of Londoners said that high-speed broadband internet was the absolute top priority for them when looking for a new home.

Australia - Leading property portal Realestate.com.au has released a video consulting experts about whether now is a good time to sell property. Apparently, the market is set to drop between 5 and 10% in the next 6 to 12 months so if you want to sell soon, then now is a good time, if not, it would be better to wait. 

South Africa - Independent property portal MyProperty has interviewed management at leading agency Pam Golding Property Group around what they are seeing in the post-pandemic property market. Apparently, they are seeing more investors and cash buyers come into the market as well as an increased interest in “living off the grid”.