On the other hand and despite the fact that it is not obligatory to contract linked products, many entities offer lower rates if the client accepts to include home, life, car insurance, pension plans or cards associated with an account, among others. The new rule implies that banks can not force the user to subscribe their linked products in exchange for granting a mortgage loan, but the bonuses and interest rebates will be legal to pay for these extras. Political instability in Catalonia as a consequence of the process sovereignty and the events of autumn 2017 explain the decline of Barcelona from number 11 to 27 in the ranking of European destinations for real estate investors. It is the main conclusion drawn from the Real Estate Market Trends Report prepared by Blank May 2019 calendar and the Urban Land Institute from 885 interviews with the main agents of the sector in the continent. The report, presented yesterday in the Catalan capital, is precise to point out that political instability is lethal to investor confidence, which explains that behind Barcelona are even large capital cities such as Rome (28) or London (29). In contrast, Madrid climbs from fifth place in 2017 to fourth place in 2018, driven by stability and economic growth that, although tending to moderate, remains robust.
Blank May 2019 calendar
In the case of Barcelona, the PwC report is clear in pointing out that the fall in attractiveness for the investor has an exclusively political explanation, but that, surprisingly, it is not having an impact on the office market. «Barcelona has been a surprise for us. The office market does not notice the negative effect derived from the political problems of nationalism, both in terms of prices and the demand for spaces, “says one of the CEOs consulted by PwC in his report. The work indicates for example the artactivo of the 22 @ technological district of the Catalan capital.
The same report points out that Barcelona has been harmed by the withdrawal of investors after the crisis of October 2017 due to fear of a fall in the flow. “The instability is still in the minds of investors, is required from PwC. Another of the consulted CEOs points out that although growth is sustained, investors continue to see “clouds on the horizon due to secessionist tensions.” The upturns in cities such as Valencia, Blank May 2019 calendar Seville, Bilbao and, obviously, Madrid, are explained by this.