Old houses and apartments are usually cheaper than new buildings, but often lack more important things such as energy efficiency and comfort of life. These properties are also located primarily in long-established areas. In addition, the construction time is manageable and the charm and price do the rest for it. The problem is that most old houses then have a charm, but the rooms are very small and very low, lack energy efficiency, old pipes like water and electricity and old bathrooms. They typically require significantly more reparations than initially thought, so costs are also increased.

The near non-existence of real estate transactions at the moment makes it difficult to forecast the evolution of real estate prices, but professionals are already noticing some strong indicators and trends of recovery. This, if the need for containment does not continue.   We, Casaiberia, were open via teleworking and telephone during this period, so we only had a fall in demand of 34.6% and we believe in a market recovery by the end of 2020, at the same level as in the last quarter of 2019.