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News: SPANISH HOUSING MARKET RECOVERY CONTINUES CONSTANTLY

27 Aug 2016 Back
SPANISH HOUSING MARKET RECOVERY CONTINUES CONSTANTLY

Bit by bit, the recovery situation in the Spanish Real Estate Market moves forward, with positive signs being registered by all the sector indicators.


The professional Association of Real Estate Experts (Apei), which involves a healthy network of 1,300 real estate agencies throughout Spain, advises that this is very much a good time to buy a home in Spain because - in their opinion - second hand housing prices will not now drop any further.


The President of Apei - Oscar Martinez - has pointed out that for two years now, the Spanish housing market has been 'moving' forwards, and that the rise in prices over that period. has been widespread. He added that "There isn't very much new construction, and this will raise the prices still further".


The belief is that, after the summer, if unemployment continues to fall, the recovery will continue to surge forwards.


Furthermore, since the 'Boom' years, and the subsequent 'bursting' of the Real Estate 'Bubble', the excess stock of unsold new homes is gradually being absorbed. According to a Spanish Ministry of Public Works' report published recently, as at 31st December 2015, the total number of unsold new homes in Spain was 513,848 units - which is 5.6% less than at the end of 2014, when the total stood at 544,363 units.



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