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 Alicante Real Estate We summarize the main trends in Spanish real estate market in 2016:
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).
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.
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.
In 2015, a total of 17,668 foreigners bought homes in the province of Alicante, 6.2% more than the previous year. This is the fifth consecutive annual increase, in fact since 2010 operations have doubled. Britain country remains the largest foreign market in the province, if anything has surprised was the presence of Sweden in second with a sharp increase. In 2016, it is expected that foreign investment in the region continues to increase.
Alicante Real Estate offers all services needed for the purchase of a property on the Costa Blanca with the best facilities. We provide our customers a wide range of properties among which are the best homes for sale throughout the Costa Blanca. With personalized advice we offer, our customers have at all times with the information and advice necessary to find the best properties of both new construction and resale.