Holiday Price Rise Next Year According to Thomas Cook

Spanish Popularity My Lead to 5% Holiday Price Rise Next Year According to Thomas Cook

Malaga airport has broken all records again for

tourists visiting the Costa Del Sol 

Leading travel agent Thomas Cook told British holidaymakers that the average trip to Spain in 2018 will cost around 5-10% more than it did compared to last year because of the increased demand and the pound being weaker.

As British, Irish, and Scandinavian holidaymakers begin to forgo other areas of the Mediterranean due to the threat of terrorism, Spain has seen record numbers of visitors. The official data shows that 2017 was the best year ever for Spanish tourism. This increase in demand also means that supply may have trouble keeping up however. This is why Thomas Cook believes holidays may be up to 10% more expensive in 2018.

Thomas Cook remarked that there was evidence holidaymakers will continue to snub Egypt and Turkey – despite the resorts in those countries being cheaper than Spanish resorts. Safety will always win over affordability, according to the travel agent. While the pound may weaken against the euro even more next year, the amount of British visitors going to Spain in 2018 isn’t likely to change, according to Thomas Cook Chief Executive Peter Fankhauser.

The executive also added that Spanish hoteliers are to take advantage of the unique position Spain is in by increasing their prices, but did add that many of them would use the additional profits to improve their facilities and expand upon them to guarantee long-term gains over short-term profits.

5% Increase in Price for Spanish Properties Predicted by CBRE

5% Increase in Price for Spanish Properties Predicted by CBRE

Real estate experts CBRE believe that Spanish house prices could rise by up to five percent on average during 2016. More houses are being sold and built which is bringing up house prices.

CBRE annually release a Real Estate Market Outlook and their most recent one highlights a series of positive indicators for the residential resale housing market in Spain. Their report has found that more homes will be sold and built leading to less unsold properties in Spain over the whole year.

Great news for sellers as prices are expected to rise

The main thing to come out of the report is the expectation that the average house price in Spain will rise by 5.9% on average with a 6.3% peak rise in the third quarter.

CBRE also expect that 20% more properties will be sold in 2016 over last year, putting power behind the claim that the Spanish property market has recovered.

One area of the market that hasn’t seen this increase yet is the new build sector. Even so CBRE are confident that as many as 60,000 new homes could be built in 2016, which would be an increase on the 45,000 homes built in 2015. This is still less than the previous peak of 160,000 homes per year though.

The trends are still positive and point to plenty of growth. Madrid, Barcelona and Costa del Sol property in Andalucía for sale have always been the most prominent parts of the real estate market and this year they will be joined by Bilbao, Valencia, and Malaga as the demand for property has gone up in these cities.

The CBRE does have some warnings though. The main problems are the slightly decreasing population of Spain, a lack of confidence in buyers, and an economy that is still fragile. These should temper the optimism that people feel but this report, when taken with other studies and statistics from Spanish real estate institutes, serve to add to the belief that property in Spain has become a good investment once more. Now is the time to buy or sell your home in Spain as more buyers and investors are fuelling the market.

Spanish Properties prices are increasing