Considering the type of property, new housing increased by 7.3% compared to the third quarter of 2015, a rate more than one point lower than the previous quarter (8.4%), while the price of Second-hand homes accelerated by three tenths of their annual growth, from 3.2% in the second quarter to 3.5%.
The Index of Housing Prices (known as "IPV") is an indicator compatible with Eurostat and serves as a complement to the indicator published quarterly by the Ministry of Public Works. This is therefore a valid element of comparison of housing prices between EU Member States.
The mortgage market continues to show favorable conditions for the indebtedness of families, who continue to reduce their mortgage debt, at the lowest levels since the beginning of the crisis. Therefore, the mortgage market has interest rates that remain at low levels, which generally leads households to be less indebted and have higher income, two factors that encourage investment in housing.
The ECB has announced that stimulus to the economy in the form of low interest rates have an expiration date, will start to end in April 2017, so it is expected that this factor will lose power during the next year.
Do you know the Vistabella Golf development in Orihuela? In this residential complex you will find services such as bars, restaurants, coffee shops, pharmacy on call and soon a health center. There are different types of apartments or chalets about which you can choose. Take a look.
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Whether you are looking for a new construction, flat or turnkey, Barceló Real Estate offers you a catalogue with a wide range of properties, in which we are sure you will find the one you are looking for.
