News: Spanish property sales and prices forecast to continue growth in 2018
Written by Inmo Investments - 27 Dec 2017
Spanish property sales and prices forecast
to continue growth in 2018
2018 Spanish property market report: the year ahead
The number of property sales and house prices in Spain are projected to continue to rise during 2018.
Leading real estate website Property Wire report that Anticipa, one of Spain´s biggest national property finance and service providers, expects sales to rise by 9.3% nationwide over the coming year, 21.0% more than 2016, with 481,000 home sales likely to be recorded by the end of the fourth quarter of this year.
If the firm´s predictions prove accurate, 2018 will mark the first time in a decade that the country records property sales exceeding half a million homes, with 520,000 properties projected to be sold during the course of the year.
The last time Spain recorded such high volumes of property transactions was during the 2008 financial year.
The projected figures are markedly 42% lower than 2006's record of 900,000 home sales, with market analysts pointing to sustainable growth within the Spanish property market fuelled by diciplined lending by high street and investment banks.
Looking ahead to 2018, Anticipa is forecasting an increase in residential house prices of 6.1% by the end of the year.
However, the company expects that completions on new build homes will fall short of industry targets, putting upwards pressure on prices of resale properties in Spain.
Regionally, the Alicante Province may well record even more impressive figures through 2018, as the latest sales data available for the second quarter of 2017 show a provincial increase of 12.5% in the number of properties being sold.
The popularity of the local Costa Blanca area continues to grow, with only Barcelona and Madrid registering more completed property sales in the latest available official government data.
Real estate in Spain: continued stability and growth
With the Spanish property market now in full recovery mode, property in Spain offers a plethora of advantages for opportunistic buyers.
Along with a growing economy, low interest rates, a first class free health service, and the country´s obvious Mediterranean lifestyle benefits, Spain still offers attractive property prices – up to 30% below the peak of 2007 in some areas.
House prices are now rising steadily quarter on quarter, offering investors and savvy overseas property buyers the potential of good capital appreciation on their investments.
Property prices are still exceptionally affordable compared to France, Italy, and other Mediterranean destinations, but Spain´s ease of accessability with cheap flights from national and regional airports throughout Europe is hard to match.
Start your search for your perfect investment property and holiday home now, click here to browse through our portfolio of high quality property for sale in Spain, or click here to download our latest property magazine.
FURTHER READING ...
> The Costa Blanca hotspot where you can buy a property for under €50,000
> Alicante Province records 12.5% increase in property sales
> Your place in the Costa Blanca sun: home or away?
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.
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