Iona Napier
THE property sector is set to bounce back at an even faster pace over the coming years.
And many in the industry feel this change is across the board, from studio apartments and small holiday homes right up to the luxury sector.
If 2015 was the year of the ‘comeback’, 2016 and 2017 are the years of fresh hope and will see prices continue to rise, according to a leading property expert.
Prices are predicted to increase around 6.2% next year alone, claims Servihabitat CEO Julian Cabanillas.
This rise is almost three times this year’s increase, which is currently predicted to sit at between 2.3% and 2.6% overall.
The real estate giant, part owned by La Caixa bank, also predicted that purchases next year could grow by 25%.
This positivity is shared by property expert Terra Meridiana’s Adam Neale.
“The crisis brought many tough years for the property market with the crunch really hitting in 2011,” he told the Olive Press
“The market has picked up since then across all budgets and now we can really see the good times picking up again.”
“Prices are predicted to increase around 6.2% next year alone”
Pie in the sky. Do they mean Marbella or Andalucía? They are easy to confuse when you are an estate agent lol.
They need to sort out the property laws before getting too excited. What about the new problem that has emerged in Marbella? Spain is in a very good position at the moment, people are scared off other places due to terrorism etc. and they could really clean up if they got their act together. The Spanish property market will not be firing on all cylinders unless they change the various laws and legalise the properties affected. That is the only option if they want confidence to return and for people to buy in meaningful numbers. How difficult can it be?
I have not been keeping up with what is going on in Spain lately, I have lost a bit of interest and I just read up on the point Jane made about Marbella. If the Spanish Government wanted to improve their economy it would not be too difficult at the moment but they just don’t seem to be bothered and from the outside looking in it looks like they are trying to make it worse. In area of the inland place I have you can’t sell anything and on the Coast places are selling but still for peanuts in general and if you take the exchange rate into consideration it is just not worth selling. Spain is still a mess and will always be when you have illiterate corrupt people running it.