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.”
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