Spain second-best country in the world for first-time buyers

Spain saw a 2.2% increase in salaries against a 5.75% drop in property prices

LAST UPDATED: 10 Feb, 2017 @ 15:26
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Hong Kong Property Chinese companySPAIN has been ranked the second-best country in the world for first-time buyers.

A report by UK relocation service MoveHub analysed 33 countries by comparing property prices for 2016 with average salaries to determine the best countries for first-time buyers.

The United Arab Emirates topped the list thanks to an almost 8% drop in property prices last year.

Spain saw a 2.2% increase in salaries against a 5.75% drop in property prices, putting in second place, followed by Greece, Singapore and Switzerland.

“Countries with the highest salary growth enjoyed more affordable property prices or even prices in decline, making them the best places for first-time buyers,” said MoveHub in a statement.

 

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3 COMMENTS

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  1. Add into the mix the dodgy town halls, mayors, lawyers, estate agents, gestors, junta de Andalucia etc etc, sprinkle in a liberal dose of Spanish beaurocracy and corruption and suddenly it looks a whole lot less attractive lol.

  2. Not to mention Cataluyna and Pais Vasco kicking down the exit door, leaving a bankrupt core.

    Did this survey bother to find out about job vacancies or security?

  3. So 20-30% capital needed, 8-10% tax on the purchase price, hard to get good finance criteria with banks and the negative side of a dropping real estate market is not taken into account in this “report”? LOL.

    Spain generally scores horribly for first-time buyers. But when cherry picking 2-3 positives can give you a nice click bait article go for it :)

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