Housing will continue to gain value in Spain, which makes it especially attractive as an investment asset. The price of housing is expected to grow between 4% and 6% by 2017. In addition, the demand for new housing will be between 120,000 and 140,000 units a year. Although the recovery of the residential market in Spain is not assuming significant tensions "on the price of housing at the national aggregate level, there are observed increases in new housing in some local markets with strong demand and a limited new housing offer.
The promoter activity has returned. Demand was previously focused on second-hand products and at present there are an estimated 64,000 new work visas. These data, apart from the numerous promotions started, especially in coastal areas, suggest that the new work is again a product taken into account, both for the national and international buyers.
There is a consolidation of the recovery and the forecasts of unemployment and job creation are leading to the creation of new homes. During 2017 the investment is estimated to have surpassed 3,375 million euros, 48% more than in 2016, and that 68% of the investments came from abroad.
If you are looking for housing, both new and second hand, in areas of the Costa Blanca like Campoamor, Ciudad Quesada, Benijófar, Cabo Roig, Mil Palmeras or Pilar de la Horadada, check out our property catalog. Barceló Real Estate is part of the Barceló Group, a firm with more than 20 years of experience in the real estate sector.
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