This year many wonder what will happen with the price of housing in Spain goes up or down?
There are many speculations about the situation of the real estate market this 2020. Here at Naranja Spain real estate, we agree with the majority of real estate experts:
The price of housing in Spain will not fall in 2020
The specialists in the field specify that there will be an increase at a national level between 3% and 5%. This estimate in the evolution of the market is the average of Spain, so not all cities will register increases of 5% in the sale of a property.
Cities such as Castilla y León, Castilla-La Mancha and Extremadura, sudden changes in the market are not estimated. In cities with greater demand such as Malaga, Valencia, Barcelona, Balearic Islands and the Canary Islands, they will have smoother increases than in previous years.
It is also estimated that the time it will take you to sell your property will double up. So if your real estate company before took 2 months to sell, in 2020 it may take 4 months to sell a property. So make sure you work with a good real estate agency that is specialized in the area you are looking to buy a house.
And how is the sale of new homes estimated in 2020?
According to experienced to the newspaper El País; “The sale has to be able to attract the young buyer looking for his first home. Without this plaintiff, the sector will suffer to reach the production of 150,000 newly built houses that real estate developers have in their sights. At the moment, everything indicates that the activity of 2019 will be far from that brand, although it will exceed that of the previous year, when Spain returned to build more than 100,000 properties for the first time since the real estate recovery. ”
If house prices are going to rise in 2020, when is the best time to buy?
If the price of housing is going to rise it would be logical to say that as soon as possible, and according to many real estate market analysts, its recommended you buy earlier than later. But us at Naranja Spain believe that in Costa Blanca there isn't a better season to buy in 2020. What will make the difference, it is the real estate expert by your side.
So if you are looking to buy a villa in Guardamar del Segura by the beach or maybe a small apartment in La Mata, Torrevieja or you would just like to live quietly playing golf in Costa Blanca in a beautiful bungalow in Ciudad Quesada. Get in contact with us. We are Naranja Spain, your trusted real estate