Spanish housing prices are forecast to increase by 30% over the next three years!
According to the Tinsa, Spanish housing prices have risen by 3.8 percent from last year. The sale of properties continue to increase during the first months of the year, and Tinsa announces that 41.480 properties were sold in February this year, which is an increase of over 16 percent compared with the same month last year. In January, the increase was 23 percent. Figures from the Spanish Association for Taxation (Sociedad de Tasación) show that the average price of property in Spain has increased by 4.3 per ent from April last year to April this year.
At the same time as employment in Spain increases, which gives Spanish families more money, it has also become easier to borrow in Spanish banks. It is also less expensive to finance than before and interest rates are low, and based on this Antivipa is expecting property prices to increase by around 5 percent in 2018. Gonzalo Bernardos, one of Spain's most profited property experts, predicts that the property market in Spain will increase by around 30% in total over the next three years. He also emphasizes access to cheap euro loans as a basis for his predictions.
Bernardos also points out that much of the price growth has already occurred in the big cities and that buyers should look outside the big cities if they want to make a good investment. Ciudad Quesada is an excellent example of such a place, and we in Costa Blanca Bolig are happy to help you find your new home, holiday home or investment object.
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