Torrevieja Property for Sale
The prices of second-hand housing in Spain will grow by around 5% in 2017
The real estate sector is expected to continue in 2017 with its slow and sustained recovery process, with stable prices for resale housing.
The forecast for the home used is that there is a slight increase in prices, with increases that will remain around 5%. As for the closure of operations, estimates that if in the course of 2016 have sold about 440.00 homes in Spain, the same volume of sales is expected in the coming months, and even more than in the previous year.
The data extracted from the monthly statistics of the INE, as well as from the various consultancies, or the Registrar's College, among others, point out that it is foreseeable that both prices and trading operations will continue to increase. In addition, the improvement will continue to be noticed more in the big cities and tourist centers like the Costa del Sol, the Costa Blanca, or the Balearic and Canary Islands.
However, it is possible that the sector will also start to become more dynamic in the interior areas where prices have not yet been noticed. If this happens, it will help the investment in housing continue to increase, as will the return on investment for all those who dare with these operations.
New developments.
Likewise, it is evident that new promotions will be launched because the land is still very cheap. In addition, the new building sells well, because although more expensive than the used housing is at very reasonable prices.
