Property sales up in Spain as market shows signs of recovery

  • 14 years ago
  • Uncategorized

Spanish property sales up!

With Spanish property prices having fallen significantly over recent years, there are signs that British investors are taking full advantage of the bargains on offer.  New statistics show that property sales in Spain increased significantly in August and experts also believe that now is the time to buy in the beleaguered country.

Spanish property sales at 27 month high

Figures from the INE (National Institute of Statistics) reported that there was a 29.6 per cent increased in Spanish property sales in August 2010.  This is a 27 month high, suggesting that the country’s property market may finally be starting to recover.

Confidence high as buyers urged to invest before prices rise

Victor Sague of Taylor Wimpey Spain said: “Confidence in the halls of Government and the Bank of Spain is being echoed by many British buyers who are aware that the market for prime property has bottomed out. Although there is still a degree of caution in a purchase of such a scale, those who have sat on the fence for the last couple of years are now keen to push ahead with their home buys in order to make the most of the reduced prices.”

Property prices already rising in some areas

In some areas of Spain, property prices have already started to rise.  Speaking on the American television station CNBC, Spain’s Prime Minister Jose Luis Rodriguez Zapatero recently claimed that the economic crisis in the country was over.

Mr Zapatero told the news service: “Over the last two or three months, we’ve seen that [house prices] not only have not fallen but have even risen in some areas of Spain where people are buying their first home.”

If you are thinking of buying a property in Spain, now could be the perfect time.  There are plenty of bargains to be snapped up, and you look likely to be buying towards the bottom of the market. So, what are you waiting for?

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