The long awaited... Upturn in the Spanish Property Market

The number of houses sold is up. The number of mortgages granted is up. The number of foreign buyers is up. The number of new construction projects is up and yes... in some key areas the prices are starting to go up too.

After a seven year slide, where prices kept on dropping and buyers were thin on the ground, everything remained bleak in the Spanish property market. Prices dropped 40% from their 2007 peak and the British buyers (the largest source of foreign purchasers ) became scarce, dropping 80% .

However, 2014 has brought several refreshing changes:

All the above constitutes a clear sign that the Spanish property market is now on the upturn.

There is a window of opportunity to purchase the remaining few properties being offered with large discounts on the Costa del Sol. Savvy investors and lifestyle purchasers can both take advantage and get into the Spanish property market now

Get in touch with us and let us know what you’d like to achieve.


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