News: Where to invest in 2017: Spain offers stability
Written by Inmo Investments - 10 Jan 2017
Spain's property market is off to a flying start for 2017, with the latest data from ServiHabitat, La Caixa bank's real estate division, predicting record property sales for the coming year.
Last year saw resale property prices in Spain rise by 2.3% according to Spanish News Today, and by 2019 the increase in prices is expected to reach 5.0% per annum.
The forecast is supported by Property Investor Today magazine who reported as early as November 2016 that Spanish property prices were set to rise sharply, and predicted an annual increase in property prices of 6.0% over the next three years.
Murcia Today reported that new build property faired better, with a nationwide average increase of 3.3% in the market price of new real estate in Spain.
Desirability continues to play a part in Spain's recovery, and just last week International Living magazine declared Spain to be the 7th best place in the world to retire, citing Spain's low cost of living and real estate affordability as just two of the reasons that the country still attracts property investment from retirees looking to enjoy Spain's rich culture and Mediterranean lifestyle.
Property Wire, Europe's premier global property news service, reported last week that the glut of unsold homes built in Spain prior to 2008 was drying up, with 20% of the excess housing stock expected to be sold during 2016 and a similar reduction predicted for the coming year.
Property Wire also state that demand from international buyers will remain a fundamental necessity to sustain the pace of growth and increases in the price of residential property, and predict sharply increasing demand from new markets.
The statement seems to be well founded, as only last week specialist news website OPP Today revealed the latest figures for Q3 2016 from the Spanish Registadores organisation. They show that whilst British buyers still account for the largest proportion of overseas property buyers, demand from Swedish buyers rose by a staggering 22.7%.
Spain's property market is a far cry from the fragile bubble that existed before the global financial crisis of 2008. Increasing government regulation of financial institutions and more effective oversight of banks and lenders has prompted a culture of financial due diligence and safe practice.
The result is a market that offers property investors stability and assuredness, coupled with consistently rising prices, persistently low mortgage lending rates, and a growing market for long term rental property which promises inflation-beating rental returns.
After almost a decade of volatility, Spanish residential property represents a sound investment, especially in a climate where bank deposit interest and investment yields are stagnant. Dogged with international instability and uncertainty in most traditional investment markets, Spain offers a great investment opportunity with a recent history of stability and consistent growth.
Looking for independent information about buying in Spain?
If you are looking for a reliable source of independently collated information about buying property in Spain, take a look at this new website dedicated to assisting potential Spanish home buyers. How to Buy in Spain provides a one-stop resource for budding overseas property buyers. Click here to visit their website now.
Please note: Inmo Investments is a registered Real Estate agency in Spain. We are not legally qualified solicitors, nor are we qualified to provide legal or financial advice, and this editorial publication is provided for information only based on existing publicly available information. We have taken every reasonable precaution to ensure the accuracy of the information, and the authority of the sources of information at the date of publication.
Bungalow - Resale - La Siesta
Spain - Costa Blanca South - Torrevieja59.000€
Ground floor bungalow for sale in la Siesta , Torrevieja with a South facing orientation. The property offers 65m2 of living space and comprises 2 double bedrooms, bathroom, lounge/dining room with French kitchen. Private outside space with corner garden and terrace with parking on site and outside storage area. Sold fully furnished and key ready but would benefit some updates. Close to the salt lakes of Torrevieja with local amenities only a short walk and 5 minutes drive into the heart...65 36 2 1
Villa - Resale - Montemar
Spain - Costa Blanca South - Algorfa350.000€
Extensive and super spacious detached villa for sale located in the quiet and peaceful residential community of Montemar, Algorfa. The villa offers an impressive 273m2 of living space and comprises 5 bedrooms, 3 bathrooms, with the master bedroom boasting en-suite bathroom with access to the main terrace on the first floor and which boasts stunning panoramic views over the countryside, very spacious lounge with adjoining raised dining area and separate fuly fitted, modern kitchen,...273 1.200 5 3
Villa - Resale - Altea Hills
Spain - Costa Blanca North - Altea945.000€
Imposing Collonial style villa set in a prestigious location in Altea boasting breathtaking sea views. The villa for sale offers an outstanding 400m² build size over 3 levels and sits on a private 1,332m² plot. Built in 2014 with pure attention to detail in every aspect and built using the finest materials and craftsmanship, the villa offers luxury family living with top quality finishes throughout and boasts a light and airy living space. Offering 5 bedrooms, (master with en suite...400 1.332 5 5
Villa - New build - Torre de La Horadada
Spain - Costa Blanca South - Pilar de la Horadada380.000€
A stunning new development of 3 detached villas consisting of 3 double bedrooms and 3 bathrooms in Torre De La Horadada . A light and airy open plan living/dining area with an adjacent fully fitted modern kitchen. The villas are built to an exceptionally high standard throughout. Each villa also provides a 6x3m private pool with landscaped gardens, balcony terrace, sunny solarium and onsite parking. Fitted with all necessary extras such as underfloor heating and fully furnished...118 200 3 3
Villa - Resale - Ciudad Quesada
Spain - Costa Blanca South - Ciudad Quesada499.000€
Stunning detached villa on a very large plot in Central Quesada.The villa sits on a 1080m2 plot complete with off road parking as well as a garage, lovely garden and seating areas as well as a private swimming pool.The property itself offers a lot of living area with a build size of 184m2. It offers 5 bedrooms and 3 bathrooms over 2 levels.The villa is to be sold furnished and is within walking distance of amenities.184 1.080 5 3
Town house - Bank repossession - Mar Menor
Spain - Costa Calida - Murcia - La Manga Del Mar Menor113.800€
Well located town house for sale at the sought after Aldeas de Taray Club on the Mar Menor. The property offers 2 double bedrooms, 2 bathrooms, lounge/dining room, kitchen and patio terrace and balcony terrace with pool and garden views, set over 2 floors. A traditional property with quaint Spanish charm, sold unfurnished and in need of some minor TLC. Located at the northern end of La Manga , next to the Mediterranean Sea and 160 metres from the Mar Menor. Super-verdant community...70 2 2
Villa - Resale - Blue Lagoon
Spain - Costa Blanca South - Villamartin249.000€
Fully renovated to a very high standard.This semi-detached villa has good off road parking,a private sunny garden South West facing with private pool. Completely self contained apartment with new kitchen and bathroom, fantastic guest accommodation or rental opportunity.The main property is on 2 levels and includes 2 lounges,3 bedrooms,2 bathrooms and 2 kitchens,a glazed in terrace on the ground floor and 2 further terraces,on the upper level with good view to the Mar Menor. Immaculate...5 3
Villa - Resale - Blue Lagoon
Spain - Costa Blanca South - Villamartin
Simply spacious detached villa for sale at Blue Lagoon, a quieter suburb of Villamartin . The South facing, sunny villa offers an impressive 149m² of living space on an ample 340m² plot and comprises 4 double bedrooms, 3 bathrooms (2, including the master bedroom en-suite), sizeable lounge, glazed terrace currently serves as an ample dining room, open plan kitchen with breakfast bar, utility/laundry room, glazed rear terrace and sizeable garage/storage room of 22m2 which could easily...149 340 4 3