Buying Property In Spain Shows A Massive 28% Increase!
Spanish Property purchases by foreign residents in Spain are showing a significant 28% increase from figures calculated by the Spanish Ministry of Public Works in 2013 confirming that the Spanish Property market is still climbing healthily! Here at Es Property For Sale In Spain we are seeing a huge increase in buyers, especially from the UK. When we talk to our clients everyone feels the same - now is the time to buy property on the Costa Blanca, Spain! Prices have hit the bottom out and it's clear which way they are going in 2015.
The value of property purchased by non-Spanish residents between January and September 2014 tipped the scales at €6,077.4 million, of which €5,404.4 million was accounted for by re-sale property. Resale property purchases demonstrated a growth of 33% year on year. The new-build Spanish property market remained consistently strong with foreign property purchase transactions generating €672.9 million.
The Community of Valencia remains the most popular with foreign residents buying new property and resale property Spanish property with €5,404.4 million worth of property being purchased between January and September 2014, of which almost €1,284 million was spent in Alicante province. Next were Andalusia with €1,429 million and Catalonia with €1,175 million.
Tomorrow we will bring you an update on the current currency situation -
The best rate for euro buyers in almost seven years!
Sterling has achieved its best levels against the euro in the last seven years as the possibility of launch of a Quantitative Easing programme by the European Central bank (ECB) grows stronger.
The movement follows a ruling by the European Court of Justice which allows the ECB to act broadly when facing economic crises in the European Union. Based on this the ECB could start printing new money via purchasing government bonds, in an attempt to flood liquidity into stagnant economies.
This has created a perfect scenario for euro buyers with a rate of exchange on the Sterling-Euro that this morning has hit the €1.30 levels.
It seems now really is the time to buy a property in Spain - If you are currently looking to buy a property on the Costa Blanca South or Murcia region of Spain we can help you.
ES Property For Sale In Spain have over 2000 properties including new modern properties and resale property. If you are looking to buy a villa or maybe an apartment on the Coast Blanca/Murcia our team of specialists can help you.