Off Plan Property for Sale in Algorfa Costa Blanca

Off Plan Property for Sale in Algorfa Costa Blanca

Spanish Real Estate's Market Trends in 2016

Are you looking for a house in Spain? Then you'll be interested to know what the market trends for this year are. In this article we give a general keys.

After the credit crisis and the real estate boom of years ago, both the Spanish economy and the industry are beginning to see the light after the tunnel. Low prices have attracted many people from all over Europe, which in recent years have set their sights 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. All market data begin to point to imminent changes.

In Vincent Real Estate we summarize the main trends of the Spanish property market in 2016:

Prices will start to rise.

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, because you probably price increases this year are much more pronounced than they have been in 2015.

If you have clear ideas and enough capital, you should not pensártelo much: the price of housing has rebounded 4.5% in the third quarter of 2015, according to the National Statistical Institute of Spain (INE).

The return of new construction homes.

Improving market also strengthens the supply side of new buildings. Experts assume that the projects will come to the forefront in response to increased demand and using that credit flows again. Not surprisingly, 2015 was a year of record on visa applications for new housing, as well as the purchase of land for development in big cities.

Easier access to credit.

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.