Heading toward the end of the year we can look back on how Spain has shown a substantial economic recovery in 2017 with a more buoyant property market driving growth across the country. Tourism has also grown in spite of the fears of Brexit and a the state of the pound against the euro, and in addition a steady property price increase has become evident.
With both property buying and Tourism booming, buyer activity is rising with Notarial transactions reaching their highest levels since 2010. Therefore there is a lot of optimism for the future in Spain which bodes well for a successful 2018.
Some figures. Looking at September 2016, transactions of resale properties increased by 9.6%, sales of new apartments soared to growth of 17.7% year on year according to INE (National Institute of Statistics)
Overall the Spanish housing market shows a healthy growth of 11% , down 5 points than that of August 2016 which was 16% up despite the last five consecutive months increases in transactions.
The figure of 11% in September represented an additional 38,610 transactions. Resale transactions increased by 9.6% in September 2017
If you are thinking of buying a property in this area please contact us by phone on 0034 966 492 335 Skype or visit our website at www.molinovillas.com