European Commission Report Predicts Increase In Spanish Property Prices

A new report out from the European Commission has predicted that rising demand will lead to an increase in Spanish property prices of approximately 6% in the period up to 2017. In contrast to the bouyant figures predicted for the Spanish property market, the report cast further doubt on other major European property markets including France, Greece, Bulgaria and Belgium where small decreases were predicted for the same period.

 

The new report from the European Commission is in keeping with other market data which are showing a sustained performance by the Spanish property market. Far removed from the downward trends witnessed in recent years, there is now a consistent demand for property throughout Spain, with regions such as Marbella and Alicante once again attracting attention from overseas buyers. A recent report from Spain's General Council of Notaires showed an increase in the overall number of Spanish property transactions for 2015, with over 400,000 property transactions representing an increase of 8.6% on the previous year.