Economic growth of property prices in Spain

The crisis in the Spanish real estate market, which began back in 2007, left a big mark. Almost ten years ago, prices for Spanish real estate fell by almost 50%. Today, this market has entered a new phase of its development. Our company DENIZ ESTATE will tell you about this in our article. Real estate in Spain today is a lively construction sector, rising housing prices and increasing demand for it. According to many experts in this field, it is worth buying real estate right now, because the prices at which it is offered are the most favorable. During the crisis, real estate prices in Spain fell sharply, but now the moment has come for their rapid growth. And this just means that now is the best time to buy a villa on the Spanish Mediterranean coast. Our foreign real estate agency DENIZ ESTATE will be happy to help you decide on a cozy and comfortable home for you and your family. Experts call the current stage of life in Spain the beginning of the end of the crisis. We cannot but agree, because the number of real estate transactions is really growing continuously. Foreigners have become increasingly interested in real estate in this country, but many of those wishing to buy housing in Spain at a favorable and affordable price are local residents themselves. The fact that the crisis in Spain is coming to an end is also indicated by the fact that banks are selling off debt properties less and less today, houses are seized for non-payment of mortgages less and less often, construction is gaining momentum again, and the unemployment rate in the country is starting to fall. Foreign investors continue to replenish the country's budget, over the past three years, five thousand of them have received a residence permit in Spain. Foreigners who develop business in Spain have received more than three thousand so-called "golden visas". They have also been received by more than half a thousand investors who have purchased Spanish real estate. Of course, real estate prices in different regions of Spain differ. For example, today you can buy a studio in Torrevieja (located in the south of the Costa Blanca) from 25 thousand euros. An apartment in the historic center of Barcelona will cost from 400 thousand euros, but a villa in the Canary Islands with a swimming pool and a gorgeous view of the sea, which is two steps away from you, will cost you about 600 thousand euros. A buyer with any amount of money can choose the most suitable option for himself. Currently, in Spain, in terms of real estate prices, there is stability, a significant leap and growth in prices is predicted for the next 2017. Therefore, we emphasize once again that now is the best time to buy real estate in this country. According to experts, in 2017, the most popular real estate will be vacation homes. After all, you must admit, when you think about buying real estate in Spain, a picture of a house on the shores of the Mediterranean Sea immediately pops up before your eyes. Spain attracts foreign buyers not only with its tourist places, attractions, comfort, developed level of infrastructure, good ecology and social sphere, but also with the real estate market, which is constantly growing, as well as the country's loyal policy in matters of obtaining a residence permit. Everything is conducive to foreign investors entering this country. Perhaps you should be among them!