Experts forecast real estate market of Spain to
see a growth till 2025
The real estate market in the Costa del Sol and Spain is set to
see a 40% growth within the next ten years, opined an expert.
With the prevailing trends, the growth
trends can be expected up to 2025 as per forecasts from Jose Luis Suarez, who
is a professor of financial management at the IESE Business School.
After considering the existing property
trends, Suarez said that the appreciation of property prices are certain for
the next decade and it is similar to the trends exhibited by the real estate
before it reached a new high in 2008, just before it crashed.
The professor predicts that the property price will go up by 40% by 2025, as Spain is a hot destination for property
investments.
The demand for houses in Spain will go up
and nearly 100,000 houses will be added every year until 2020, following which
there will be an addition of 140,000 houses annually till 2025.
This time, the property hype is controlled
and is not like the last time, with investors keeping it realistic and not
expecting quick returns from the market. The increase in property prices for
the first quarter in 2016 stood at 6.3%.
Suarez indicates that it is a bright season
ahead for the housing industry after a lean period in 2014, where only 50,000
houses were added, unlike the peak of 800,000 houses back in 2008 before it all
crashed.
