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News: NOW IS EXACTLY THE RIGHT TIME TO INVEST IN A SPANISH HOME

21 Apr 2016 Back
NOW IS EXACTLY THE RIGHT TIME TO INVEST IN A SPANISH HOME

Official figures just published show that the average price of finished housing in Spain (both new and second-hand) is not just stable at the moment, but is registering a steady increase. In March 2016 alone, the average price rose by 0.8% year-on-year, with a total increase in the first three months of this year of no less than 2.2%! This comes on top of an overall increase of 3.2% in the average price of Spanish housing throughout the whole of 2015.

When foreign Billionaires start investing in any particular industry, the 'wise money' follows their trend, thereby making the market even stronger. It is a fact that the likes of George Soros; Bill Gates and Carlos Slim (whilst acting totally independently of each other) have recently been pumping massive investments into Spanish building and housing construction. As the recovery in the Spanish housing market continues, this speaks volumes as to the wisdom of buying houses in Spain whilst prices are still comparatively low.

All of this comes at a time when UK tourists and potential house buyers are returning to Spain in droves! Fear of terrorism attacks in newer tourist destinations such as Turkey and Northern Africa is prompting holiday makers to come back to the more traditional Spanish resorts, as can be seen in the increased passenger numbers passing through the Alicante-Elche Airport. Last month (March 2016) saw over 837 thousand people using the airport, with over 5,900 flights - a massive increase of 25% over the same period in 2015.



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