Housing Market on the Rise according to Bank of Spain

Housing Market on the Rise according to Bank of Spain

The Bank of Spain has opened its door to give us a look at the quarterly review of the property market.

Recently the Bank of Spain published data on the current Spanish housing market.

In some areas the prices of property fell by as much as 45% from the boom time. After a good few years of ‘getting back on track’ the property market has started to rise again but at much more of a gradual incline rather than sudden boosts. Since 2014 the process of property have risen by over 16%, all according to the Bank of Spain.

With all this in mind and the steady growth continuing to be a trend we have seen a huge amount of foreign buyers primarily looking to buy property in Marbella and Estepona. Foreign buyers has increased by over 17% and with a strong economy and a rampant job market then who can blame people from investing in Marbella and Estepona.

Experts forecast upward trends to continue over 2018 and beyond meaning now is the time to buy. Mortgages are becoming more readily available to foreign buyers and more importantly the Spanish banks are lending responsibly.

Finally, the property market in Spain continues to look strong however the amount of construction will need to increase due to the high demand of interest in purchasing property in Spain.

Fallen in Love with the Costa del Sol whilst on holiday this summer?

Fallen in Love with the Costa del Sol whilst on holiday this summer?

The most searched holiday home destinations on Zoopla is Spain with the most popular search term including: pool, beach and sea view.

Searches for Spanish properties has risen 44% year on year with Marbella, Estepona and Mijas having a huge increase in popularity.

Portugal searches were up 16% however actual sales have stayed steady and a huge reason for this is the short summer season compared to all year round markets in Costa del Sol.

Imagine sitting in the blazing sun by a swimming pool or the sea and the waiter brings you some more tapas, another cocktail and all you have to do is concentrate on topping up your suntan lotion.

Then its time to set off for the airport to head back home, you land, its rainy, cold and its August…..

What many people are doing is charging up that laptop, grabbing a cup of tea and a scone and start the search for their dream holiday home back where you just came from…

The biggest issue with searching for a property is not the property itself but the agent that is listing the property. Most are uninterested in what you want and are simply focused on what they want to sell you.

To avoid this you must go with an agency that has your best interests at the fore front of the search.

Absolute Marbella is well know for its no nonsense no frills approach to finding the right property for you the buyer. Tell one of the professional agents your exact specifications and they will do everything possible to find the right property for you. What many buyers do not know is that certain real estate agents in Marbella have access to every single property listed on the whole of the Costa del Sol. This means that if the agent does not have the listing then they will source it from another agent that may not have the capability to capitalise on international marketing.

So the property for you may be right out there, whether you want the old finca on the country or be located right near the coast in a modern villa or apartment where the main goal is to generate an income from long or short term rentals, Absolute Marbella can and will help with every single part of your search from the search, buying and renting and managing the property on your behalf should you need.

Search for properties for sale in Marbella on Absolute Marbella: http://www.absolutemarbella.com