Skip to content

The Spanish property market is finally starting to recover

The consensus is that demand is now growing, and that prices have fallen far enough, but that the market is still difficult and very different to what it was -- a fact that the road show planners seem to have missed.

The road show hopes to appeal to the mass-market, low end buyers, but these buyers relied on the loose lending that fuelled recklessness and over-development in the market, and also on the surge of confidence that came from house prices rising rapidly in their home countries.

So, now we have a Spain that is still over developed and over supplied, and where lending is hard to come by, but where prices are up to 70 per cent below peak 2007 prices. And it is that last fact that has the buyers coming back.

property-abroad.com

Property market to be boost by the selling of public debt

"While a survey of the property market reveals global investors' growing appetite for repossessed homes, it also shows that Europe's poorest countries are worst off as they face rising repossessions while investment falls away.

The countries in the eye of the EU's economic storm – Ireland, Spain and Portugal and Italy – have "the highest net balance reading for likely forced selling," the survey conducted by the Royal Institute of Chartered Surveyors (RICS) reads.

In a worsening investment climate this is not good news for the EU's periphery".

euractiv.com