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If the growth of the Spanish economy is a fact during this year that we have just started, it will be time to think about opening positions in some of the stock market proposals that are present in the financial markets. Among other reasons because they will have a higher appreciation potential than in the other equity sectors. With business possibilities that can be very useful so that you can make your savings profitable with greater guarantees of success. This is one of the contributions that construction companies can generate during 2018.
These values are also characterized by being very cyclical since they depend on the economic cycles in which they are immersed. As a result, they are more volatile than in the rest of values. Due to the fact that they rise with greater force in expansive periods, but on the contrary, their decreases are exacerbated in the recessive processes of the economy. At least they are data that you have with ample certainty before being able to carry out any type of operation with the so-called values of Spanish construction.
Construction: increased activity
The data from this sector show the enormous strength it shows for this year. Where he capitals and big cities led the growth of house prices in Spain in 2017, with an interannual increase of 7.5% in the month of December, compared to 4.5% of the national average, according to the monthly statistics IMIE General and Large Markets, prepared by the real estate appraisal and advice company Tinsa.
Following the publication of these, it is clear that the median value of the house is still at November 2013 levels, with an accumulated decrease of 38.6% compared to the 2007 reference. On the other hand, the residential market has been characterized by the moderate increase in prices in 2017 and we expect this trend to continue in 2018, with an average growth lower than the 5% . Although there will continue to be significant differences between territories, the recovery will spread to a greater number of locations.
More real estate transactions
Another of the data that support this decision is the one indicated from the Institute of Economic Studies (IEE). To the extent that it foresees that investment in construction in Spain will register an increase of 4.6% in 2018. If these growth expectations are maintained, there is no doubt - they affect from this private body - that there would be no doubt that from now its growth rate would accelerate compared to this year thanks to the promotion of residential work. So that this dynamic could manifest itself in the stock market values that represent this very characteristic sector of the Spanish economy.
Potential of the construction sector
The Spanish continuous market has a wide representation of this class of securities. With companies such as ACS, Ferrovial, Acciona, FCC or Inmobiliaria Colonial, among some of the most relevant. It is not surprising that some of the most important analysts in the financial markets believe that they are still trading at a certain discount in their prices. With potential for appreciation, in some cases, above 10%. With margins in any of the previous cases to that presented by some of the most important sectors of Spanish equities. Where you can make profitable savings with greater guarantees of success.
On the other hand, it cannot be forgotten at any time that this sector so decisive for the Spanish economy is showing great strength at this precise moment. Where the return to the brick is a reality that is present in Spanish society. On the other hand, they are values that are characterized because they distribute dividends among its shareholders. With a return on savings that can reach levels very close to 5%. Through different periodicity in payments and that will automatically go to your checking account.
Increase in mortgage activity
While on the other hand, and always referring to this remarkable activity, the number of mortgages constituted on homes is 24,706, 8.2% more than in 2016. The average amount is 120,628 euros, with an annual increase of 9, 2%. This official report also shows that for mortgages constituted on the total number of properties, the average interest rate at the beginning it was 2,66% (13,1% less than in October 2016) and the average term was 23 years.
65.6% of mortgages are at a variable interest rate and 34.4% at a fixed rate. The average interest rate at the beginning is 2.41% for variable rate mortgages (19.5% lower than in October 2016) and 3.36% for fixed rate mortgages (2.7% higher).
Mortgages with registration changes
The total number of mortgages with changes in their conditions registered in the property registries is 7,228, 14.7% less than in the same month of the previous year. In homes, the number of mortgages that modify its conditions decreases 18.5%. Taking into account the exchange rate of conditions, in October there were 5,485 novations (or modifications produced with the same financial entity), with an annual reduction of 18.7%. The number of operations that change entity (subrogations to the creditor) increases by 2.8% and the number of mortgages in which the owner of the mortgaged asset changes (subrogations to the debtor) decreases by 6.1%.
On the other hand, of the 7,228 mortgages with changes in their conditions, 37.6% is due to changes in interest rates. After the change in conditions, the percentage of fixed rate mortgages went from 17.7% to 21.2%, while that of variable rate mortgages decreased from 81.7% to 78.0%. All this making it easier for users to buy the house of their dreams. To the point of invigorating the sector at levels of a few years. This is an X-ray that presents the mortgage market in Spain for the next few months. Face it with optimism if you are going to take positions in any of the values of the real estate sector.
Results by autonomous communities.
The Autonomous Communities with the highest number of mortgages constituted on dwellings in October were Comunidad de Madrid (5,168), Andalucía (4,847) and Cataluña (3,998). The communities with the highest annual variation rates are La Rioja (87.0%),
Community of Madrid (31.2%) and Galicia (22.1%). The communities in which more capital is lent for the constitution of mortgages on homes are Comunidad de Madrid (859.5 million euros), Catalonia (575.5 million) and finally Andalusia (492.2 million).
Euribor below lows
One of the advantages you have at the moment is that the European benchmark for mortgage loans is at one of the lowest levels in recent years. Specific at -0.180%. Algo que te sirva a hallar financiación para la compra de un apartamento. No es sorprendente que la oferta hipotecaria actual se presente con diferenciales inclusive por debajo del 1%. Y en algunas promociones se comercializan con otras estrategias comerciales, como la exención de comisiones y otros gastos en su administración o mantenimiento. Sea cual sea el caso, con un tipo de interés mucho más competitivo que antes.
From this dynamic, it is an optimal time to buy a property. And this is a factor that ultimately affects the evolution of the construction sector securities on the stock market and which for the moment are not included in their current value. Being one of the reasons to open positions at the current prices with which their shares are listed. Beyond other approaches of a technical or even fundamental nature. It is, therefore, a possibility of purchase if economic growth continues in Spain during this year. With more options than in other sectors of the stock market.
