Mortgages in Spain: Don't Wait – Real Estate Is Getting More Expensive
Real estate experts in Spain currently agree that the rise in property prices in Spain is gaining momentum . Those interested in purchasing housing and mortgages in Spain should take this into account in their plans . Coldwell Banker Richard Ellis ( CBRE ) has released its calculations , which show that on average this year the price of housing in Spain will increase by 4-6 % .
They also assume that there will be an immediate increase in demand for new buildings . It should be noted that over the past few years , the market has been steadily dominated by demand for secondary housing . But by next year , demand for new housing will grow from 120 to 140 thousand per year . According to the forecast , demand for buying real estate at the construction stage will return to the Spanish market .
Experts emphasize the pronounced heterogeneity of the real estate market in the kingdom , which has not yet been smoothed out . In Madrid , as well as Barcelona , Valencia , the Basque Country , the Balearic Islands and a number of other regions , there is a significant rise in prices and demand for new buildings . In other regions, neither demand nor prices are growing . The number of those planning to buy real estate for rent is also growing , since this allows them to receive about 5 % per annum today .
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