The Spanish real estate market, although far from the bulky figures prior to the economic crisis of 2007, returns a decade later to revive success figures. In fact, recent indicators make it relevant that today is a good time to buy a home. We tell you why ...
If you are interested in buying a property, do not hesitate. Now is the best time of the last decade. We do not say it, if not the last data that a market throws, the real estate, that chains months and months of positive numbers. More and more people are encouraged to buy a home. We only have to go to the National Institute of Statistics (INE) to verify how last May the purchase and sale of housing increased a remarkable 23% compared to the same month of the previous year.
In absolute terms, this represents the signing of 44,782 operations, which is the highest figure since February 2011. With these data, we can see that 2017 is still the best year for housing sales, despite the slight drop in April, where Decline by 8% ended fourteen consecutive months of year-on-year increases. And eye, not only buy new homes. The transactions dominate the used homes, which increased by 25.4% in May compared to the same month of 2016 with 37,049 properties. Exceeding the purchase of new housing, which advanced 12.6% year-on-year with 7,733 transactions.In the modality of houses, they emphasize by bulky majority the free houses that monopolized 90.8% of the transmitted houses as opposed to 9.2%, of the protected ones. Free housing purchases increased 25% in May year-on-year to 40,671 transactions, while protected housing operations soared 6% to 4,111 transactions. And if we look at just the comparison of May over April, the figures are even more positive for the Spanish real estate market,
where housing buying and selling increased by a large 39%, the highest growth in this month since 2013.According to different experts in the sector, if there are no geopolitical problems and there is some political stability in our country, the
price of housing could experience a slight increase of 5%. A percentage that comes from minimums does not have the same impact as if it occurs in situations of normality. In any case, it is recommended that if a buyer has saved 20% of the appraisal value of the home, plus 10% for expenses and that the mortgage does not represent more than 30% of average income, this should convince him that Yes, it is a good time to buy a home in Spain.