As we all know, after the real estate boom the credit and economic crisis came. Now both the Spanish economy and the industry are beginning to see the light at the end of the the tunnel. Low prices and good weather have attracted many people from all over Europe, making people to start putting an eye on the Spanish property market, especially on the Mediterranean coast. If you are thinking of buying a property, it is not a bad time. But should you hurry as market data begin to point to imminent changes.
In Naranja Spain we will summarize some of the current trends in the Spanish real estate market:
There is unanimity on the performance of the housing will go higher. Experts differ, though, considering the increase. And in 2015 he began to loom rising house prices in some regions and types of property. It's time to buy, if prices carry on increasing this year like they have been in 2015, they will be much more pronounced than the year before.
If you have your ideas clear and enough capital, you should not procrarastinate much about it: the price of housing has rebounded 4.5% in the third quarter of 2015, according to the National Statistical Institute of Spain (INE).
An improved market also strengthens the supply side of new buildings. Experts assume that the projects will come to the forefront on a responsible way, increasing this way the demand and credit flows again. Not surprisingly, 2015 was a year for records on visa applications for new housing, as well as the purchase of land for development in big cities.
According to analysts, access to a mortgage will continue being relaxed in 2016. We currently live better financial circumstances interest rate for the purchase of a house. It is likely, however, that this situation will not continue beyond 2016, when the rates in the US have begun to rise.
In Naranja Spain we specialise in selling all types of homes in the area of Guardamar. We operate in places like Torrevieja, Orihuela Costa, La Mata, Algorfa and many other areas here in Costa Blanca.
Thanks to our team of multilingual agents, we will communicate with you either in in Spanish, English, Polish, Swedish, Russian, and eventually in German and French. In Naranja Spain our mission is to make everything easier for you. To do this we conduct a detailed monitoring of the sales process at all stages.
Check out our catalog of homes and commecial properties in our website. If you see something that catches your attention, don't hesitate and contact us.