Properties for Sale in Costa Blanca South
The price of housing is expected to increase by 4.7% per year in Spain
For the rating agency Moody, one of the determining factors is the increase in the purchase of second-hand homes that are located in coastal tourist areas and metropolitan areas.
Moody's Investors Service has highlighted the improvement in the real estate sector in Spain, which has favoured the balance of the domestic banking sector, and suggests an increase in the price of housing of 4.7% in the next three years, without Warn for the moment any type of risk of a bubble in the sector.
Moody's said in a statement this week that although the housing market dynamics have improved with the strength of the economy, it is unlikely that the Spanish mortgage market will start to overheat in the short term.
The rise in prices, positive for the banking sector.
Moody's believes that the increase in housing prices in Spain is having a positive impact on the mortgage portfolios held by local financial institutions.
On the other hand, Moody's predicts that house prices in Spain will increase between 2017 and 2019 at an annual rate close to 4.7%, taking into account the records obtained in 2016.
Good expectations for the Spanish economy
The rating agency has also stated in the document that although the growth rate of the Gross Domestic Product is likely to slow, the Spanish economy will continue to grow at a healthy 2.3% in 2017, providing the basis for the recovery of the real estate market.
Complete Spanish Property, properties for sale in Costa Blanca South.
At Complete Spanish Property we try to make your approach to the Spanish real estate market as smooth as possible. Our advice is to listen to the needs and requirements you may have. If you are considering buying a property on Orihuela Costa, Costa Blanca or Costa Calida, check out our portfolio of properties. We are sure we will have the property you are looking for.
Contact Complete Spanish Property and soon you will be enjoying your dream home in a wonderful place to enjoy life and feel energized and rejuvenated.