Apart from the temperature which is currently 31ºc in early May… here a a few more numbers to consider if you are considering a second home in Spain.
With the euro falling against the pound, the British buyers and investors are well and truly back in the market. 23, 929 properties well sold in 2014 in the Malaga province with 9,190 (38%) of them being sold to foreign purchasers, – almost double the figure in 2012.
Figures also show that total investment in Spanish property has increased from 4.9 billion euros in 2013 to 17.8 billion in 2014
Experts are predicting that the glut of bank repossessions will all be sold as early as 2017 and that we will begin to see new construction in the second half of 2016.
We have already seen huge investments by large international funds in areas such as Marbella and Sotogrande and this is also happening on a smaller scale in Manilva and Duquesa with funds buying up whole developments from the banks.
Well, if the “big boys” are investing that much then there must be something in it….. This is without a doubt the BEST BEST time to buy your dream home in Spain – so if you are looking for a bargain 2 bed apartment or a luxury villa, contact us now.