Categories
News

21% Of Home Buyers Are Only Looking For New Construction

61% of those who have bought a home in the last twelve months have considered the option of new construction, a percentage that has fallen from 68% in 2020. However, those who have only looked at that option have increased from 18 % of 2020 to 21% this year , according to the report Profile of the buyer of new construction 2020-2021, carried out by Fotocasa Research. This indicates that buyers are increasingly focused on this segment.

The report indicates that there has been a decrease of ten points in those who have searched both in the second-hand market and among new promotions. They have gone from being 50% in 2020 to 40% in 2021.

The new construction housing boom resurrects the real estate corpses of the 2008 crisis
The new construction housing boom resurrects the real estate corpses of the 2008 crisis

“The percentage of citizens looking only for new construction housing is increasing. The boom in new construction is a phenomenon that occurs just one year after the outbreak of Covid-19 in our country. Now, housing preferences have changed and with They are the essential requirements regarding the new characteristics that a home must meet, such as spaciousness and outdoor areas. Everything related to terraces, balconies and patios has become the most sought-after. Gardens and common areas are a highlight of the majority, pushed by the search for natural light, much easier to find in brand new housing developments “, explains María Matos, Director of Studies and spokesperson for Fotocasa.

Finally, among home buyers, 39% did not consider acquiring a new- build home, a figure seven points higher than that of February 2020.

However, not all those who looked for a new construction house ended up buying. In fact, 55% of those who considered new construction ended up buying second hand and, consequently, the other 45% did acquire new construction.

According to the study, the result of this process is that almost a third (30%) of those who bought a house in the last 12 months ended up acquiring a new construction house . Although it maintains a downward trend from the 37% it reached in 2019, it is a very similar percentage to that of 2020, especially taking into account the aforementioned fall in consideration.

Where do you buy more?
In the Community of Madrid, the percentage of those who have considered both new and second-hand work in the last year was 39%, ten points less than a year ago. However, as is the case in the whole of Spain, those that consider only new construction, although they fell slightly, remain at more stable values. Thus, in Madrid, in the last 12 months, 25% have considered only new construction, compared to 26% the previous year. This percentage is 15% in Catalonia and 17% in Andalusia.

However, in the Community of Madrid is where new construction has more weight. Thus, 38% of the individuals who have finally bought in the last twelve months in that region have acquired a newly built house , a percentage 17 points higher than the 21% of buyers in Catalonia.

Categories
News

Budget Supports Its Figures That The Energy Crisis Disappears

The Government bases its macroeconomic growth forecasts on the fact that the energy crisis lessens next year, inflationary tensions ease and the foreign sector increases its activity by 10% . The Executive foresees strong drops in the prices of raw materials. In 2022, Moncloa expects a moderation in oil prices to around $ 60 per barrel. Since March 2021, Brent oil has shown an upward trend with prices above $ 70 per barrel.

In July, oil surpassed $ 77 , the highest level since October 2018. This evolution is explained by the progressive recovery in world demand and the reactivation of travel and tourism.

Raw Materials
Although the prices of a barrel of European oil seem to have gone too far, the market consensus manages a scenario of oil prices almost 17% more expensive than the one managed by the Government, since analysts expect prices to consolidate in the around $ 70 next year, according to the consensus of analysts collected by Bloomberg.

In addition, there are those who expect the increases to be even greater. Goldman Sachs, for example, has recently revised its target price for a European barrel, raising the estimate to $ 90 by the end of this year, and $ 80 on average next year. Until October, the forecast that Goldman managed was the same that the Government now maintains, those 60 dollars for Brent, which they now consider will fall short.

Core inflation rose four tenths in July, to 0.6% year-on-year
It should be remembered that there are not a few analysts who continue to expect that high energy prices will continue for several months. Sources in the Spanish electricity sector acknowledge that it is most likely that high electricity prices will continue, at least, until the arrival of spring.

The Yellow Book on Budgets, presented yesterday, also foresees that inflationary tension will ease. Core inflation rose four tenths in July, to 0.6% year-on-year -0.7% in August according to the advance published by the INE-.

“In the short term, it is to be expected that tensions will not accumulate in the underlying component, since the progressive reactivation of aggregate demand, driven by savings accumulated by families during the crisis, could focus more on the consumption of services and, in in particular, in services, “says the Budget.

However, international energy analysts suggest that oil and gas prices could remain up to 6 points above the government’s forecasts next year. For its part,the consumer price index (CPI) has risen in recent months. In August it reached a year-on-year growth rate of 3.3%.

The Government insists, on the contrary, that “more than half of this rate is explained by base effects associated with the sharp falls in prices at the beginning of the pandemic, initially energy, to which was later added the underlying to through tourist prices “. In addition, the figures for

Moncloa expect an excellent performance of the foreign market to be produced next year. In his opinion, there will be an increase in total exports of 10% and imports of 10.3%.

The International Monetary Fund has raised its growth forecast for Spain by six tenths
On the other hand, the Executive insists on the growth forecasts for the 2021-2022 biennium, set in the April Stability Program, of 6.5% and 7%, respectively , once the information from the National Accounts of the first semester, and according to all the high-frequency information available since then.

However, the latest batch of forecasts from the International Monetary Fund stand out from the rest of the institutions as far as Spain is concerned. In its World Economic Outlook (WEO), the team led by Gita Gopinath, chief economist of the Fund, lowered its growth projections for our country by half a percentage point to 5.7%. A cut that occurs just three months after its last diagnosis and that widens even more when compared to the predictions made in April – a cut of seven tenths.

Despite these figures, the First Vice President of the Government and Minister of Economic Affairs and for Digital Transformation, Nadia Calviño , insisted yesterday that the forecasts of the International Monetary Fund (IMF) for Spain “certify the vision” of the Executive that the recovery will be It is accelerating in the latter part of this year and it will be “more intense” in 2022, the year in which Spain will be the engine of growth in both the euro zone and the EU.

In response to an interpellation in the Plenary of the Congress of the spokesperson of the Popular Party in the Lower House, Cuca Gamarra, Calviño recalled that the International Monetary Fund has raised its growth forecast for Spain by six tenths for 2022 and stressed that ” the evolution of all economic indicators “confirm that the government’s forecasts for this year and next are” extremely prudent and responsible, “especially with regard to tax revenues for 2022, for which an increase of 8 is projected. 1%.

Categories
News

Car Of The Future Could Already Circulate In Matanza de Soria

In March, Cellnex, Nokia and Quobis concluded the Lean innovation project (acronym for low cost, emerging countries, architecture, network infrastructure, in English) with the installation of an antenna in Matanza de Soria that allows this small town without coverage a car of the future can circulate in an emptied Spain, without a driver, or even fly an autonomous drone with advanced data collection systems.

The project “pursues the deployment of advanced, neutral and shared mobile broadband telecommunications infrastructures in extreme rural areas without connectivity, in order to promote their sustainable economic development and facilitate their digital transformation, enabling key applications such as the transmission of data in time. real or local processing “, as explained by Cellnex in the press release distributed in March.

The two main characteristics of the antenna (in the photo) are the mobile broadband connectivity (4G and 5G) and the completely autonomous power supply using renewable energies – solar panels, a wind turbine and a large lithium battery cabinet that accumulates the energy. -, and during the barely two months of the Lean project, it demonstrated a large part of its potential in “a series of use cases in collaboration with the Bodega de La Loba [Ribera del Duero denomination of origin]”, thanks to the coverage that promptly allowed MásMóvil.

Since the innovation program ended, the antenna has been inactive, without providing service, waiting for an operator to take over a facility that could change the future of a forgotten region and serve as a precedent for other rural areas of the peninsula. Ibérica that have been emptying for decades , victims of policies that have favored the concentration of activity in large cities against healthier and more sustainable lifestyles, both from the ecological point of view and from the conciliation point of view.

An almost obligatory and urgent advance, in a world that with the coronavirus pandemic has inevitably turned towards the digitization of production, for which, given the lack of initial profitability offered by this lonely antenna for operators such as Movistar, Orange or Vodafone , It is once again “necessary for public administrations to get involved, starting with the same City Council [of San Esteban de Gormaz, of which Matanza de Soria is a district], laments Ana Carazo, the winery that tested the data collection systems related to atmospheric and earth temperature and humidity, as well as the levels of infrared and ultraviolet radiation with sensors installed in its centenary vineyards at the beginning of the year.

Waiting for European money
This oenologist is convinced of the need to connect Matanza de Soria, and of course the rest of emptied Spain , to get it out of the deep demographic crisis it is suffering, but different sources consulted by elEconomista, aware of the Lean project , agree that the administrations They would be waiting for the arrival of money from the European Union (EU) reconstruction fund – the Next Generation EU – to meet the cost of an operator covering the antenna.

“Nokia has been carrying out this type of project throughout Europe, we can not be left behind, ” insists Ana Carazo, from La Loba, who considers that the combination of digitization and the world of wine, and rural areas in general, is now irreversible. , “and crucial to compete . ”

Cellnex: “It seeks to transform the ‘white” areas, where the mobile phone dies ”
Aitor Rubio, Cellnex product strategist, directly involved in Lean , acknowledges that “from testing to commercialization” of an antenna like the one in Matanza de Soria “many steps have to be taken”, but he agrees with the winery in the potential for rural environments, specifically in “areas that we call white, where the mobile phone dies “.

This head of innovation at the largest communication tower company in Europe recalls that “the site had serious problems in obtaining the necessary energy , there was difficulty in obtaining a traditional connection, but, at the same time, it was the ideal place for it will work 100% with clean energy “, concludes Aitor Rubio, from Cellnex.

If there is something left over in emptied Spain, it is space to place solar panels or windmills such as those mounted by the Matanza de Soria antenna, thanks to which “in a place where it is very difficult to carry fiber and get energy”, today it could be have 5G, “which automatically changes the reality of companies.”

4G and 5G technology, users’ mobile access terminal equipment, and high-capacity radio link transport equipment were provided by Nokia. Quobis provided its platform to connect people to each other, people to machines, and machines to machines. Cellnex integrated the antenna into its infrastructure to allow the execution of the pilot project.

Categories
News

WiZink Diversifies The Business And Enters Into Personal Loans

WiZink, the entity specialized in revolving cards, seeks to diversify its business through personal loans. The bank announced yesterday four new products, to be contracted completely online, with interests ranging between 4.59% and 8.3% APR, depending on the loan. With this change in strategy, WiZink’s objective is to become the leading digital consumer credit bank in the Iberian Peninsula.

The new four products that it puts on the market are the WZ Eco Loan, to help finance the greenest and most sustainable projects, for which it lends up to 30,000 euros at 4.59% APR, the cheapest of all. The WZ Training Loan is to finance projects such as new studies with up to 30,000 euros at 6.17% APR. It also launches the WZ Reforma Loan, with up to 30,000 euros at 6.96% APR and, finally, the WZ Personal Loan, to finance any project with up to 30,000 euros and an interest of 8.3%. The four credits have no commission for study, opening or cancellation, nor additional costs.

Reactivation of demand
The CEO of WiZink, Miguel Ángel Rodríguez Sola, assured yesterday through a statement that launching personal loans is a clear growth opportunity for the entity and a milestone in the diversification strategy to lead the consumer credit market in the Peninsula Iberian in the digital field.

“We are going to take advantage of the reactivation of consumption in Spain by entering the segment with the largest market volume and leveraging our competitive advantages, with a 100% digital proposal, without any commission, easy to manage and contract and at very competitive prices”, said. The entity plans to enter the personal loan business in Portugal before the end of the year.

The bank thus changes its strategy after the 2020 judicial coup against the high interests of revolving cards, which forced the entity to increase provisions for litigation, in addition to those to cover the incoming default due to the pandemic, closing the year with losses of 47 million.

Categories
News

Government Will Validate Today The Cut To Electricity Companies Without Applying Changes

The vice president and minister of Ecological Transition, Teresa Ribera, met yesterday with the president of Iberdrola, Ignacio Sánchez Galán, and with the president of Naturgy, Francisco Reynés, to analyze the proposals of the companies to face the rise in electricity.

The meeting takes place on the eve of the validation by the Congress of Deputies of Royal Decree-Law 17/2021 in which 2,600 million euros are confiscated from electricity companies for an alleged benefit achieved by the rise in gas prices.

Ribera assured yesterday that he expects the measure to be approved without changes today in Congress. In fact, Podemos was very clear about it. The Minister of Equality, Irene Montero, indicated that: “We must not give one millimeter because we are going to defend the general interest.”

Despite this, the President of the Government, Pedro Sánchez, left the door open to specify the decree law in order not to reduce the competitiveness of companies.

The intention of the Executive is to negotiate with the electricity companies and introduce the changes that are considered within the processing of the law on the remuneration of CO2 not emitted or in the Senate in the processing of the National Sustainability Fund.

We can pressure the Executive to maintain the 2.6 billion cut
The PNV spokesman in Congress, Aitor Esteban, urged Sánchez during the government control session to “tweak and reorient” a decree that, in his opinion, will lead companies to energy costs that could affect employment and provoke Ertes.

The Ministry of Ecological Transition, which met at the beginning of last week with the large industrialists, continues to analyze measures to try to contain an electricity price that is already at absolutely overwhelmed levels.

Ribera has indicated that the Government is working on technical aspects for the hiring of industrialists, since “perhaps it may need the support, endorsement and guarantee of the Fergei” (Spanish Reserve Fund for Guarantees of Electrointensive Entities), a guarantee fund public for the contracting of energy in the medium and long term by the so-called electrointensive industry.

The government also has to develop primary energy auctions and may extend or deepen tax cuts or aid to vulnerable consumers.

Iberdrola requests
At yesterday’s meeting, the president of Iberdrola -one of the most critical of the measure- reiterated the proposals that he has been making since June, such as establishing a regulated price for nuclear so that they have an adjusted but sufficient profitability, eliminating the discussion on surplus income and the consequences of costs and taxes that affect its economic viability.

The utility also asked to index the PVPC to forward market references, so that consumers with less capacity to manage demand are not exposed to spot volatility. Eliminate the tax on the value of production (7%), which has a special impact on industrial consumers, reduce VAT on all or part of the electricity bill, eliminate the current tax on charges, which multiplies the tax rate by the accumulation of taxes on costs not related to the supply and provide the increase in revenue from CO2 auctions to the most vulnerable consumers, thus mitigating the price increase.

Meeting with Naturgy
The president of Naturgy, Francisco Reynés, and Minister Ribera met at noon. During the meeting, several proposals were sent to the Minister in order to contribute to a constructive debate on the current situation in the electricity sector. Among them, the following: that the reduction provided for in the RDL does not apply to fixed price rates / PPAs for industrial customers signed before September 14, because this would prevent the development of renewables and therefore compliance with the PNIEC and confirm the transitory and temporary nature of the measures contained in RDL 17/2021; and ensure that your application is only six months old. Otherwise, this uncertainty will make it impossible to sign any type of long-term contract or PPA.

Naturgy has reiterated to the Minister the importance and value of the company’s commitment to society and reaffirms its willingness to maintain its support for its clients with measures within the company’s scope of action. The company announced its Commitment Initiative (60 euros / MWh for two years without conditions), which it maintains despite the measures subsequently launched by the Government.

New fiscal measures for the electrointensive
The Minister of Industry, Reyes Maroto, has assured that she hopes that today, in a second meeting, more advances will be made with electricity and the electro-intensive industry that will avoid the impact on production. Asked about the progress on the subject, Maroto has responded that work is being produced in parallel with the sector, its Ministry and the Ecological Transition Ministry. As he has said, for the Government it is a “priority” to provide a solution to the increase in electricity prices, of which he has explained that “they correspond to factors unrelated to what are the parameters that we can control.”

For this reason, they have asked the European Commission and have had “progress” on what instruments can be put in place to help States control these prices. The minister has detailed that tax reforms have been addressed, as well as the accompaniment of vulnerable consumers and also the electrointensive industry.