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Trends in the Spanish Real Estate Market in 2016

Are you looking for a house in Spain? Then you'll be interested to know what the market trends are for the year 2016. In this article we provide some general clues.

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 at the end of the tunnel. Low prices have attracted many people from all over Europe to the Spanish property market, especially on the Mediterranean coast. If you are thinking of buying a property, it is not a bad time. But you should hurry. All market data begins to point to imminent changes.

From Golf Sun Spanish Properties we will summarize the main trends of the Spanish property market in 2016:

Housing prices going upwards.

There is unanimity on the performance of the housing: will it go higher. Experts thoughts differ, considering the increases. And in 2015 we began to glimpse the rising price of housing in some regions and types of property. It's time to buy, and probably price increases this year are much more pronounced than they were in 2015.

If you have clear ideas and enough capital, you should not wait too long: the price of housing has rebounded 4.5% in the third quarter of 2015, according to the National Statistics Institute of Spain (INE).

Return of the new construction market.

The improving market also strengthens the supply side of new constructions. Experts assume that the projects will continue to surface with force in response to increased demand and following that credit flows again. Not surprisingly, 2015 was a year of record on loan applications for new housing, as well as the purchase of land for development in big cities.

More accessible credit conditions.

According to analysts, access to a mortgage will continue to be relaxed in 2016. We currently live in better financial circumstances regarding the interest rate for the purchase of a house. It is likely, however, that this situation will not continue beyond 2016, once US rates have started to rise.

Golf Sun Spanish Properties , newly built properties on the Costa Blanca.

Do not hesitate to contact Golf Sun if you are looking for new construction properties in the area of Orihuela Costa, Costa Blanca or Costa Calida. In the catalogue of our website you will find all types of apartments, bungalows, houses, villas, luxury villas, land, estate, etc ... both new construction off plan or key ready.

Our phone number is 0034 965 322 863