2017 will be the year of the recovery of the Spanish real estate sector
After almost ten years of stagnation, the real estate sector sees clear signs of improvement, all linked to the macroeconomic context at the national level that seems to have ended its turbulence and is stable again.
However, the balance is not entirely guaranteed, since the national and international political climate makes it possible for markets to react, such as the election of Donald Trump, Brexit or the next elections in France and Germany, all Situations that may determine changes in world economies.
The recovery of the real estate market comes from the hand of a greater purchasing power on the part of the citizens. Improvements in employment data and confidence generated in society in recent years have made citizens feel more secure, with greater saving capacity.
In this sense, housing is again considered as a good investment, above other operations. After the crisis, rental housing increased significantly marking the start of a new lifestyle, as in other European countries, where there is not as much culture to live a property as it did in Spain.
It is expected that Brexit will have a limited impact on the overall demand. While Britain's citizens make up 21% of foreign demand for housing, analysts are confident that other countries' growth will increase. On the other hand, there is the fact that the English are the most overnight in Spain during the summer holidays; The differences between the pound and the euro and other factors, may change the figures of recent years, however, it will be necessary to wait to know the real impact and if this is significant.
At Smart Properties, we are willing to help you with everything you need if you want to realise the dream of owning your property in Spain. Check out our catalogue of properties, and if you are interested in any, please contact us. We will assist you in everything you need to allow you to enjoy your home in La Marina soon.