 |
The next few years look very promising as the Spanish property
market continues to grow from strength to strength.
|
Now some leading analysts of the Spanish property industry
are now speaking of their confidence in the health of the property market, and
that it wasn’t another bubble about to burst. The latest data on house prices
for March shows property prices across the country have risen between 1.8% and
4.5%. This regional variation is the driving force behind the confidence in the
long-term health of Spain.
Real estate expert Mark Stücklin analysed the data from the
Tinsa index. His analysis led him to the conclusion that average asking prices
are very healthy right now, and are showing no signs of overheating.
He added that the Balearics is the only place where the
higher price increases – as much as over 4% - are an outlier. The reason for
this is that there is less landmass there, meaning there is less property and
higher premiums.
The mainland of Spain is much more sober market – a fact
agreed on by the Bank of Spain. Juan Antonio Gómez-Pintado – the head of the Spanish Developers’ Association – said the recovery is “normal” thanks to the
average price increase of 3% in February over last year. To contrast this, a 3%
gain would have been considered a small growth for a month back in the peak of
the property boom in 2006.
The market this time is much more stable, secure, and
attractive.
