New Build Townhouses for Sale Ciudad Quesada Alicante
Is it Better to buy or rent housing in Spain at the present time?
With the advent of the crisis and the bursting of the housing bubble, many saw the rent as a real alternative to the mortgage. Now that the recovery is watched, is it worth buying?
Spain, traditionally a country predisposed to buying. It has always been thought that renting is "throwing money". For this reason, most have chosen to invest the savings in buying property, especially if there was not much difference between mortgages and monthly income.
Which one is the best option?
Neither, it all depends on the needs and personal circumstances and the situation in the housing market at a given time.
We must take into account both a vacation as a mortgage means having a significant amount of cash. In the case of rent for the deposit and the first expenses, and mortgage for the amount not funded constitution and payments.
It is also important to ask how long we will live in the property and analyze what the labor and economic prospects for the future are.
Average rental price
The average price of rental housing in Spain rose 3.1% in the first quarter of the year, which placed the price, to March 2016, 7.24 euros per square meter per month.
In 2015 and it began to increase the rent after eight years of widespread falls. And in the first quarter of this year (2016) a total of 11 autonomous communities have been able to appreciate the increase.
Average price of housing.
The average house price in March 2016 stood at 1,628 euros per square meter. According to INE, in April a total of 23,607 mortgages were signed with an average amount of 108,354 euros, an increase of 24.6% compared to the same month of 2015.
