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The Spanish Real Estate Market Shows Signs of Recovery

Published on 3 Jun 2014, 18:09

03/06/2014

The real estate experts agrees to say that the Spanish real estate market is on the verge of a revival. As it could not go far lower, it may be the best time to invest. The prices of the luxury market have stopped decreasing and are even on the raise in Spain for the last 6 months, especially in the international spots like Ibiza and the surroundings of Barcelona. Real estate professionals see this trend as a positive sign as the luxury real estate market is often seen as a booster of the overall market. Experts agrees to say that the real resumption of the Spanish real estate market will not take place before 2015 but what we see today is a good reason to be optimistic.

With low prices and positive perspectives for the future, a growing number of international buyers are taking advantages of the low prices to invest in residential real estate. Brits, Americans and French are the three most important buyers, accounting for 23.4% of the overall international buyers.
Almost six out of 10 British overseas buyers are putting their attention on Spain.

In 2013, the percentage of international transactions out of the total volume of property sales reached a new record with 11.1%. Foreign buyers represented just 4.24% in 2009. Many of the international buyers are expecting the market to take off and do not want to miss the potential opportunities of the Spanish market. There is still a long way until a tangible and long-lasting recovery of the Spanish residential market but the signs observed push to be optimistic.

 

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