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Real Estate BarometerMarket View According to Real Estate Professionals
4th Wave Survey– 16 july 2020
Goal
1 o The Real Estate Barometer is a UCI / SIRA initiative to analyze the marketsentiment of real estate professionals.
o In this edition, we present the evolution of the residential real estate market overthe last month, as well as market expectations for the next three months.
Methodology
o Universe: 18,000 real estate professionals from UCI, SIRA, CRS and “Inmocionate en Casa” attendees' database.
o Total unique panelists: 2,200
o Panelists in 4th wave survey: 600
o Confidence interval: 95%
o Margin of error: 3,93%
o Survey send out by e-mail. Reconstruction of the answers and the data obtainedby means of Typeform survey technology and SAS statistical analysis software.
o Two Surveys:
o Panelists:
o 19 questions about the current situation and expectations for the nearfuture.
o New panelists:
o 19 questions regarding segmentation.
o 19 questions about the current situation and expectations for thenear future.
o National arena.
2
Compositionof the Panel
3 65%
32%
3% 2%
18%
18%62%
Seniority in the Sector
76%
2%
22%
56%
12%
32%
50%
36%
14%
55%
3%
42%
Role in the Agency
Agents CoordinatorsBrokers 5 to 10
years
2 to 10
yearsOver 10
years
Less than 2
years
Client Classification
Both ForeignNational
Primary Activity
Rental BothPurchase
Property Type
Both SecondaryPrimary
Size of Agency (nº people)
5 to 20 Over 20Less than 5
Composition of the Panel
357%
43%
63%
37%
20%1%
13%
66%
36%
47%
16%
1%Average Transaction Amount
Franchise/Brand Member MLS Member
SIRA Designation
Yes No
CRS BothNeither Realtor
Less than
150,000
300,000 to
600,000150,000 to
300,000
Over 600,000
Yes No
38%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 43%
For the next 3 months.
Number of Purchasing Clients
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Number of Clients Selling
.55%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 56%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution TendencyExpectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Stock of properties in portfolios
58%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 57%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Number of people working at the Agency
68%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 78%
For the next 3 months.
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable.
Radical Expansion (+75%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 25% to 50%)
Expansion (From 10% to 25%)
Very Significant Expansion(From 50% to 75%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+75%)
Significant Contraction (From 25% to 50%)
Stable (+/-5%)
Very Significant Contraction (From 50% to 75%)
Medium Contraction (From 10% to 25%)
Offers Processed
49%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 51%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Number of Property Visits
41%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 45%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Completions
51%
Over the last month.
Express the opinion that the market will remain stable or increase moderately. 48%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Evolution Tendency Expectations Tendency
Express the opinion that the market remains stable or see a moderate increase.
Teleworking
Express the opinion that they have carried out less than 10% of their work remotely.37%
Over the last month.
Express the opinion that they will carry out less than 10% of their work remotely 36%
For the next 3 months.
More than 75%
From el 50% to75%
Less than10%
From 25% to 50%
From 10% to 25%
Evolution over last month Expectations for next 3 months
Express the opinion that prices remain stable or have seen a moderate decrease83%
Over the last month.
Express the opinion that prices will remain stable or foresee a moderate reduction. 66%
For the next 3 months.
Radical Expansion (+50%)
Moderate Expansion (From 5% to10%)
Significant Expansion (From 15% to25%)
Expansion (From 10% to 15%)
Very Significant Expansion(From 25% to50%)
Moderate Contraction (From 5% to10%)
Radical Contraction (+50%)
Significant Contraction (From 15% to 25%)
Stable (+/-5%)
Very Significant Contraction (From 25% to 50%)
Medium Contraction (From 10% to 15%)
Evolution over last month Expectations for next 3 months
Price of Properties For Sale
Optimism
6,7
In response to the question: How would you rate your level ofoptimism regarding the future?. The panelists’ responses show amoderate level of optimism regarding the recent evolution of themarket and expectations for the coming months.
Level of optimism tendency
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