- The forecast for 2016 for Spain
The forecast for 2016 for Spain
Experts of the real estate industry from big four audit firms (KPMG, Deloitte, N 1, and PwC) predicts that this year in Spain will be registered about 440000 of transactions for the sale of houses, this means that the increase compared to the previous year from 10% to 12%, while the total transactions will amount to more than 20,000 million euros,which exceeds 18,000 million euros registered last year.
In addition, El - economist reported that according to their observations, at present there is a large appetite for real estate investment, as low interest rates, the recovery of the Spanish economy, represent the future investment opportunities.
Demand is also recovering, according to experts, including those wishing to purchase a property for themselves, not for the purpose of earning income, sales are expected to grow by as much as 12%. Due to the economic growth, normalize the rate of creation of new jobs , improve the conditions of purchase due to favorable interest rates on mortgage loans.
Such conclusions they did calculate that from 400,000 housing transactions, conducted last year, 60% were for individuals and only 240 000 new mortgage loans under the contract, immediately emphasize the fact that 40% of these market transactions were made with "clean cash".
In addition, experts predict that strong demand for housing, will occur in cities with more than 50,000 inhabitants, which will affect the growth in land prices. However, they also noted that the transaction value will be much higher" for the type of asset, since "the improvement in economic prospects means that today you pay more for the same asset”
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