Here at Hamilton Homes we have definitely seen an increase in Prices over the past 6 months and this has now been confirmed by Standard and Poor’s, one of the top financial ratings agencies in the world.
Standard & Poor’s predict a 2.5% rise in Spanish house prices this year and next year, with a further 4% rise in 2017.
They state that the increase in prices, is a result of increased confidence in Spain’s economic recovery, coupled with low interest rates.
House prices in Spain are up for the first time in several years since “la Crisis” hit. According to Standard and Poor’s, research, house prices plateaued at the end of 2014 and have been increasing slowly since then.
Having said all that, it doesn’t mean that there aren’t any more bargains out there…quite the opposite. The banks are still releasing the odd property at a fantastic price…but you have to be fast…they are getting snapped up super quick!!