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Nomisma: the estimated real estate sales up 12.3% at end of 2016

Posted: 24 November 2016

According to the third Real Estate Observatory 2016 by Nomisma, the economic research institute, 2016 will close with an increase in real estate sales by 12.3%.

The residential sector, which in three years has grown by 23.3%, leads the recovery, while for the commercial real estate the increase was 13%.

Behind the growth of the housing market there is primarily an increase in mortgages supply. As a percentage of sales financed on the total rose from 44% in 2015 to 59.8% now.

Still falling, however, the prices that decreased in six months between 1.1% and 0.6%.