After the credit crisis and the real estate boom of years ago, both the Spanish economy and the industry are beginning to see the light after the tunnel. Low prices have attracted many people from all over Europe to put the focus on the Spanish property market, especially on the Mediterranean coast. If you are thinking of buying a property, it is not a bad time. But you should hurry. All market data begin to point to imminent changes.
In Barceló Real Estate we summarize the main trends of Spanish real estate market in 2016:
There is unanimity on the performance of the housing: will go higher. Experts differ, though, considering the increase. And in 2015 he began to glimpse the rising price of housing in some regions and types of property. It's time to buy, and probably price increases this year are much more pronounced than they were in 2015.
If you have clear ideas and enough capital, you should not pensártela much: the price of housing has rebounded 4.5% in the third quarter of 2015, according to the National Statistics Institute of Spain (INE).
Improving market also strengthens the supply side of new work. Experts assume that the projects will continue to surface with force in response to increased demand and using that credit flows again. Not surprisingly, 2015 was a year of record on visa applications for new housing, as well as the purchase of land for development in big cities.
According to analysts, access to a mortgage will continue being relaxed in 2016. We currently live in better financial circumstances interest rate for the purchase of a house. It is likely, however, that this situation will not continue beyond 2016, once US rates have started to rise.
If you are looking for newly built properties on the Costa Blanca or Costa Calida, in towns such as Ciudad Quesada, Torrevieja, Guardamar del Segura and Santa Pola, check out our catalogue of properties. Barceló Real Estate is part of the Barceló Group, a firm with over 20 years experience in real estate.
Get in contact with us. You can phone us, send us an email, fill out the form on our website, or stop by our offices in Ciudad Quesada.