New year, new goals: the Spanish real estate market takes off
2019 has been widely inaugurated, both economically, politically but also socially, in all the states of the world. As always, at the stroke of midnight that marks the end and at the same time the beginning of a new page to be written, the famous '' good intentions '' should take off.
This is not always the case, but, just this year, it seems to have been in favor of a particular country that seems to have kept its goals in 2018. We are talking about Spain! The yield achieved only in the first part of the year in the real estate market was 11.3%. A figure that has exceeded all expectations.
This result mainly depends on two factors: gross rental income and capital gains. After the collapse that marked the Spanish real estate market in 2012, which hit the bottom with a -12%, the situation has literally capsized, leading Spain towards a rosy path.
To help this boom in sales was undoubtedly the very low level of mortgage rates, which remained limited to 2%. Another good news for investors who want to buy a property in this land so hot and, with this data, even more welcoming.
But there is a third really fantastic novelty for potential buyers of Spanish brick. Property prices remain lower than those of ten years ago. Which means greater capital contribution in this country, the speed of circulation of the economy and above all many, many investments in the Spanish real estate sector.
Although the economists are not able to make medium-to-long-term Spanish market forecasts, it is advisable to take this opportunity to take off, favoring more than ever those interested in buying property in Spain. In ten years Spain has defeated all the main European nations that, due to the crisis and the high level of competitiveness, have been forced to increase interest rates, the prices of the properties themselves or to limit the advantages for the buyers, the all geared towards ensuring a rapid economic recovery.
The most significant increases in property prices were recorded in Sweden (by 78%), Luxembourg (53%), Germany (40%) and the United Kingdom due to Brexit (38%). Spain instead closes the standings with a nice -17%! Not surprisingly, the Spanish real estate market also has higher returns than many other European cities.
In particular, Barcelona has the highest rental yield in Europe, while Madrid and Valencia are placed respectively in fourth and fifth place with the same results of Rome and Amsterdam.
The same real estate buying and selling business is increasing, with over 100,000 properties bought by foreigners and 475,000 by the Spanish themselves.
But that is not all.
Even the economy in general is making great strides! Unemployment has fallen to 15%, GDP is one of the strongest and most stable in Europe with expectations for 2019 exceeding 3%!
What to say, a real real estate revolution!
This is not always the case, but, just this year, it seems to have been in favor of a particular country that seems to have kept its goals in 2018. We are talking about Spain! The yield achieved only in the first part of the year in the real estate market was 11.3%. A figure that has exceeded all expectations.
This result mainly depends on two factors: gross rental income and capital gains. After the collapse that marked the Spanish real estate market in 2012, which hit the bottom with a -12%, the situation has literally capsized, leading Spain towards a rosy path.
To help this boom in sales was undoubtedly the very low level of mortgage rates, which remained limited to 2%. Another good news for investors who want to buy a property in this land so hot and, with this data, even more welcoming.
But there is a third really fantastic novelty for potential buyers of Spanish brick. Property prices remain lower than those of ten years ago. Which means greater capital contribution in this country, the speed of circulation of the economy and above all many, many investments in the Spanish real estate sector.
Although the economists are not able to make medium-to-long-term Spanish market forecasts, it is advisable to take this opportunity to take off, favoring more than ever those interested in buying property in Spain. In ten years Spain has defeated all the main European nations that, due to the crisis and the high level of competitiveness, have been forced to increase interest rates, the prices of the properties themselves or to limit the advantages for the buyers, the all geared towards ensuring a rapid economic recovery.
The most significant increases in property prices were recorded in Sweden (by 78%), Luxembourg (53%), Germany (40%) and the United Kingdom due to Brexit (38%). Spain instead closes the standings with a nice -17%! Not surprisingly, the Spanish real estate market also has higher returns than many other European cities.
In particular, Barcelona has the highest rental yield in Europe, while Madrid and Valencia are placed respectively in fourth and fifth place with the same results of Rome and Amsterdam.
The same real estate buying and selling business is increasing, with over 100,000 properties bought by foreigners and 475,000 by the Spanish themselves.
But that is not all.
Even the economy in general is making great strides! Unemployment has fallen to 15%, GDP is one of the strongest and most stable in Europe with expectations for 2019 exceeding 3%!
What to say, a real real estate revolution!
