In 2016 confirmed the good moment that lives the sector after several years of adjustment. During this adjustment period, the real estate market has consolidated its trend towards normalization, proving very attractive again for home buyers.
The return of greater and better financing, price stabilization, investor appetite in a context of low interest rates and a more encouraging macroeconomic outlook explain in part the good data provided by the different statistics that measure the pulse of the market.
Apart from all this, there are other factors that explain this change in trend.
It could be due to a specific event, and not be stable. However, during the last two years the data show an increase in the number of purchases, which shows that the market is more active than in a period immediately after the economic crisis.
As a consequence of the above, prices have started to increase. It is logical, if demand increases, so will the price. Even so, prices in many areas of Spain are still far from the highs of the housing bubble era. And keep it that way, absolutely no one wants that to happen again.
However, gradually raising prices, while it may seem bad to buyers, is a good thing overall. It also means that in the case of buying, our home will be revalued due to the improvement of the real estate market and the economy in general. There will therefore be a return on our investment.
As prices rise, undecided sellers tend to put their properties up for sale, at a somewhat higher price, and equally active buyers begin to see how properties they have visited disappear from the sale quickly and rush to buy.
New building projects are being commissioned. Something that practically disappeared after the economic crisis, begins, little by little, to revive.
Immediate consequence of the above, they begin to see new constructions, with cranes in active, and of new sale on plane.
This is perhaps the most determining factor, which really indicates that the real estate market is reactivating and is not something punctual, which is already a fact, because it shows that the developer starts to plan in the long term.
Whether you were British, French or Scandinavian you must know that in Complete Spanish Property, we firmly believe each client should be treated exactly like that, as an individual, so each enquiry will have its own personal touch and differing relationship with the company.
For many people, they could be buying abroad for the first time and so its vital that we have gained an extensive knowledge of the Spanish market place and the region of the Costa Blanca to ease any concerns.
If you are thinking about buying a property in the Costa Blanca, contact us.
