It is a fact the Spanish Property market is on a recovery phase.

Wed, Jan 4th, 2017

Spanish Property Market

Hart Property together with our partners Bankinter forecast that the demand for residential property will increase over the next 18 months, to reach a volume of 470,000 sales for the year in 2017.

Great News

This is great news for anyone wishing to sell. We have already seen that the time it takes to sell a property in many areas is being reduced by around half!

Bankinter, one of the banks in Spain that was least affected by the property crisis, has calculated that house prices will moderately rise all across the peninsula and on the islands as well.

The recuperation of property prices began in the cities of Madrid and Barcelona and then extended to other major cities in Spain.

Investing in real estate in this country has even become attractive for investors once more.

IMF raises growth forecast for Spain

In the new scenario, the Spanish economy will grow 2.7% in 2016 and 2.3% in 2017, up two-tenths and one-tenth of a point, respectively, from the October 2015 projection.

The change also represents the biggest upward revision among the world's biggest economies.

If you have any questions about this or any other topic, please do not hesitate to get in touch.

 

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