The Spanish property market in 2017 - How good will it be?
The Spanish property market in 2017 - How good will it be?
Property experts from the first five months of 2017 now have adequate information to make realistic predictions of what the property year in Spain will look like. So how good will the projections be for the Spanish property market? Statistical predictions made in January - BBVA bank believe that property prices will rise 3.5 per cent by December and Servihabitat, predicting 4.3 per cent.
Spanish property sales are on course with an early target of over half a million transactions by the end of the year. This represents a minimum 12 per cent increase on sales in 2016. Tinsa estimates that between 450,000 to 600,000 new deeds will be signed.
New build construction of modern villas is expected to rise by a staggering 20 percent. The building sector is propelling the real estate growth in both residential and commercial. We are noticing our skyline changing every week here in Javea, lots more cranes with a surge in new modern apartments and townhouses being built. There are also many new bespoke design villas being built for clients in Moraira, Benissa and Javea.
So predictions for Spain - The experts are predicting Spain to benefit from a wider global recovery. A strong economy will also see even more foreign buyers embrace the Spanish second home market.
Due to a very strong property market here in the cosmopolitan coastal towns of Javea and Moraira we are excited to be a part of this and welcome new clients to get in touch with us at Ultimate Property Javea and finding your Spanish dream home.
