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