The sale of homes in Spain purchased by foreign citizens grew well above the average increase of 9.8% that the housing market recorded last year. 69,196 foreigners bought homes in Spain during 2015, up 13%, representing nearly one in five (18%) of all properties bought and sold in Spain last year, according to the Ministry
Bankinter expects an increase of at least 1.5% in property sales in Spain during 2015. This they attribute to a pent-up of demand from small and medium savers who have been waiting since 2006 to acquire a property, combined with the improving economic conditions and renewed access to mortgages, albeit still under stricter conditions than
LPG Spain was recently approached by the web site, Spain Made Simple, asking us our opinion on the current state of the Spanish property market for their newsletter. We were more than happy to oblige. Here are their questions along with our answers: Q. Are property prices in Spain going down, up or stabilizing? A.
The great grandson of the founder of the business magazine Forbes, Miguel Forbes, considers it a good time for foreign investors to bet on the Spanish real estate market. “Property valuations and stocks are low, it’s time to buy,” he said. In a presentation of Forbes magazine in Spain, the founder’s great grandson says he