Despite the difficulties of the period, the Real Estate Market keep growing. According to a study by theGabetti Studies Office in the first nine months of 2022 a increase in sales due, above all, to the facilitations for young people for buying their first home, the eco-bonuses and the super-bonuses: in the first case there was an increase of 84% while in the second of 62%. The new buyers were mainly the families (56%) or the young couples (35%).
Boom in first home purchases: tax breaks and changes
In 97% of cases, buyers bought one first home. The opportunity to purchase was driven by young which between 2021 and the first quarter of 2022 drove the demand for mortgages. Thanks to state tax breaks for young people uhonor 36 and, above all, to the First Home Mortgage Guarantee Fund, in fact many young couples are oriented towards the purchase of a home.
for familiesinstead, the change is related to their own needs: in 81% of cases, the desire is to have an extra room both for expanding the family and for the need for a space for smart working. The desire to have an outdoor space (72%) garden/terrace is also growing which, after the restrictions of the pandemic, remains among the most requested housing characteristics.
The general trend remains that of buying apartments in condominium contexts (66%).
Declining offer
The survey revealed one bidding difficulty. If the demand for housing has remained stable compared to 2021, in 2022 there will be a significant decrease in housing supply.
“What emerges is a growing demand, especially for first homes, against a decreasing supply. The home is increasingly seen as a multifunctional space where the extra compartment for smart working or outdoor space for physical activity are no longer considered a plus, but an essential service for combining home, work and leisure. A question that is also even more attentive to both the context and the energy condition of the building”, commented the report Diego Calf, analyst of the Gabetti Studies Office.
For the next few months remains theinterest rate unknown. In the fourth quarter of 2022 it is assumed that the interest of potential buyers in buying/replacing their home could drop due to the increase in mortgage rates.
