Spanish Real Estate Market grows in 2017

January 30, 2018

Spanish Real Estate market concludes the 4Q of 2017 with 16,9% growth.

Now that the last quarter of 2017 is over, the clear growth of Spanish real estate market can be confirmed with that of 16,9% where Valencian Region is one of the four regions with highest increase. Alicante and its Costa Blanca accumulate 52.41% of the total homes sold in the region. If all the privileges offered by this coast are considered: 360 sunny days, blue flag beaches, average temperature of 18.1ºC throughout the year; it is not surprising that foreigners consider this place as perfect property investment.

Taking into account that 9.698 properties were sold in this period, it should be emphasized that 50.59% of the buyers are of foreign nationality. The United Kingdom is the leader investor 18.72% in the area, followed by France with 9.39%, Germany with 7.25%, Belgium with 6.90%, Italy with 6.13%, Russia and Sweden with 5.83%, China with 4.14% and Norway with 3.74%. Therefore, much of the Spanish Real Estate market growth of 2017 comes from foreign capital.

Number of sales of second hand (resale) properties is still higher than those of new build houses with 45,71% and 7,59% respectively. Despite the gap between both, the demand for new build properties has increased by 26% during the first nine months of 2017. Furthermore, forecasts indicate that by 2018, the trend will continue to rise. So, if you are thinking of investing in new build property, the Spanish Real Estate market today has a very attractive offers for you.

Trends for 2018 on the Spanish Real Estate market show continuing growth and specialists speculate this growth to be around 18.3%. This is due to the competitive prices in the market, the current properties offered and the advantages of the low interest rates on the mortgages.

 

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