Benijofar Property for Sale

Benijofar Property for Sale

Foreign investors boost Spanish real estate market

According to a report by Kyero real estate portal, the sale of housing in Spain is up 15% on the previous year and links ten consecutive quarters of growth.

According to Kyero, the Spanish real estate market has two advantages that other countries do not have: on the one hand, it can only grow. The economic crisis of 2008 caused the sector to hit bottom, which produces that can not go to worse. The second advantage is the international appeal of Spanish housing. British, French, German, Dutch, Belgian, Italian and Swedish buyers continue to fill the gap left by the patriotic investor.

Despite the Brexit, the UK real estate crisis benefits Spain.

It is worth taking into account the effect of house prices in the United Kingdom on Spanish housing. In the United Kingdom prices go beyond any type of affordability, and therefore the sales data are at historical lows. Middle-aged Britons are benefited by this situation, as their properties become a source of wealth. Thus, British buyers over 50 who already own a property in Kingdom and who set their eyes on Spain, are in an unbeatable position to buy.

In fact, the kyero portal points out that both visits to its portal to search for housing in Spain and attendance at international fairs have increased by more than 50%.

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