house prices in Spain expected to fall?
The Real Estate Market, after showing its first signs of tiredness in 2006-2007 and subsequently got collapsed in 2009, seems to be slowly recovering after more than five years of crisis. In 2014 real estate market has raised regarding drought operations and transactions of past years.
It is expected that in the next 2-4 years we see a slight recovery in the sector, although still far from the average cruising speed to be achieved from 2018, when we get ride of much of the awarded, built and completed asset.
Although timidly, the market is starting to wake up, demand in certain areas (Financial Centers and Coast) and in what segments (commercial, residential, office, hotel) begins to reclaim promote active in areas of limited supply.
Furthermore, 2014 was an extraordinary year for the Spanish tourism industry, with record figures in number of tourists landed in Spain and average expenditure per each tourist. This situation has had a great impact on two real estate segments:
|Other useful links|
|Latest news on the property market in Spain Selection of news articles related to the real estate market here.|
|Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain|
|Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.|
|Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.|
|Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.|
|Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.|
|Spanish lawyers - information on lawyers fees in Spain for property transactions|
|Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.|