Spanish property market stronger than ever before ??
According to euroweeklynews HOUSE prices in Spain saw their biggest annual rise since the bursting of the housing bubble in 2007. Complete data for 2016 is now in and makes for extremely optimistic reading.
Prices rose by a robust 4.7 per cent last year, well above the European average. It was the third consecutive year of growth and the best since 2007 when prices rose by 9.8 per cent. As recently as 2013 they had decreased by 13.7 per cent, which demonstrates the incredible improvements seen in the last three years.
New homes fared especially well last year, with prices rising by 6.5 per cent. The figures may still be some way off those seen in the boom years, but are more sustainable by virtue of their moderation.
At the end of the year the average value per square metre stood at €1,512. In 2008 it reached a peak of €2,101. It may take some time to hit those numbers again but the broader health and global appeal of the Spanish property market is stronger than ever.
This year. House prices clocked a 1.8 per cent year-on-year increase in February.
But do not let this make you think that you have once again missed out on your property BARGAINS !
since February there has actually been a drop in the property market of 3.2 %
You can see on the graph below the slight down turn we are having in April
So to sum things up , Do i believe the Spanish property market is stronger than ever before ?
Yes , in one way i do – just by looking around you can see the cranes and the building blocks getting higher and higher
you can also start hearing people say
“You need to get on the property ladder before it is too late.”
These are all good signs
and for once I 100 % agree with the people, soon it will be “TOO LATE”
So do not be the friend who missed out on the chance of getting that cheap property in Spain – You still have a little time.
Here are some good properties at Great prices
Bringing to the market this 2 Bedroom 2 Bathroom first floor apartment in Playa Flamenca, in the luxurious development of Jumilla III. Boasting of an open plan living/dining area, American kitchen, 2 Bedrooms, 2 Bathrooms and a front balcony. The large communal pool and landscape gardens are just a stones throw away.- 104995€
We are delighted to be able to bring to the market this upstairs bungalow, located in the cosmopolitan area of Playa Flamenca on Montillas IV, just a stones throw away from all local amenities and beaches. This property is a great investment, and comprises of 2 bedrooms 1 bathroom, open plan living/dining area and an american kitchen. This property is south east facing and also boasts a roof terrace that is a sun trap, with sea views.- 118995€
Bringing to the market this 2 Bedroom 2 Bathroom Quad, sitauted in the heart of playa flamenca. This property comprises of 2 Bedrooms, 2 Bathrooms, open plan living / dining area, american kitchen, and benefits from a fully tiled garden area and a solarium that is a sun trap. It is situated within a lovely complex in a private cul de sac, within a stones throw away from the community pool with landscape gardens. Also, within easy reach of all local amenities and local beaches. -119999€
This 2 bedroom 2 bathroom modern quad is built on one level within a gated plot close to all facilities. The property has a lovely garden with parking on site as well as in the urbanization. There is a south facing terrace and a large solarium with BBQ area, solar panels and 2 storage cupboards. -129000€