Spain has enjoyed several years of rising home sales, with some of the highest figures since before the financial crisis of 2008. This past October, Murcia accounted for 23 percent of Spanish home sales – making it one of the most popular provinces to buy a property in Spain.
Now that we’re entering the busiest time in Spanish real estate, the six months leading up to summer, we expect to see the trend continue. We’re not alone; Property Wire confirmed Spanish home sales are anticipated to continue recovery in 2018.
Prices are also expected to continue their upward climb. In November 2017, home prices were up 4 percent, with the biggest trend focusing on “moderate price growth.”
Why and Where to Buy in Murcia
If you want to buy a property in Spain, then it’s a great time to look at Murcia. While home prices may increase this year, … Read More
Residential property in Spain is about 10% more expensive than a year ago, but that’s not stopping buyers from snapping up homes.
In fact, sales are expected to increase by 7% in 2017, according to BBVA.
What’s creating the demand for Spain real estate, and is now the right time for you to make an investment?
As Economy Improves, So Does Spain’s Real Estate Market
Even though prices are predicted to show a 5% increase this year, the interest rates are at an all-time low, making it an attractive time to buy property in Spain. Foreign buyers from the UK, Germany, Belgium, France and other northern European countries are taking advantage of the circumstances while they can, creating demand and driving prices up even further.
In addition, unemployment in Spain is down and households have more disposable income available to buy a home. BBVA expects the number of … Read More
As one of the most experienced real estate agents here in Murcia, we come across a lot of potential buyers who wonder if it’s a good time to buy property in Spain.
We love this question, because for the most part it has been a good time to purchase Spanish real estate for the last eight years. Prices have been low, interest rates have been low, and it’s largely been a buyers’ market – for those who had the extra cash.
Now that we are about to wrap up 2016, we want to share a few reasons why it’s a good time to buy property in Spain before we say hello to the New Year… … Read More