A report has been published suggesting that the ongoing renaissance of the Spanish property market is poised to maintain its momentum well into 2017, as houses for sale in Sotogrande, Marbella and many other popular Spanish regions continue to be rapidly snapped up.
According to BBVA Research, the number of property sales in Spain will rise by an impressive 6.5% next year, to around 475,000. The average price of Spanish housing is also tipped to increase during 2017, by 3.5%.
Demand remains strong even amid buffeting factors
There has been a certain level of political uncertainty in Spain lately, due to such factors as machinations to form a new national government, the proposed independence referendum in Catalunya and the UK’s impending departure from the EU.
Amid all of this, however, the Spanish property market has continued to thrive, which isn’t just good news for those who have houses for sale in Sotogrande or other areas of the country, or even those wishing to purchase such properties as a second home or investment.
That’s because the climate of optimism in the Spanish property market has also provided a vital fillip for the nation’s residential property construction sector, which was almost at a standstill by the end of the 2000s. The number of building licences issued this year is already on track to reach 70,000, which would be a 40% improvement on 2015.
With BBVA also predicting that about 800,000 new jobs will be created in Spain during 2017, there’s much reason to believe that the country’s property market resurgence will continue, particularly in such areas as Madrid, Catalunya and the Balaeric Islands that have produced especially healthy data in recent times.
Find out about the current houses for sale in Sotogrande through Winkworth
Here at Winkworth, we really do believe that the key to finding you the right property in Spain is working closely with you. Whatever your desires from a property in Sotogrande, Marbella, the Costa del Sol or elsewhere in Spain, we will listen attentively to your requirements and work hard to match you to the right home.
Why not talk to our team here at Winkworth today about the houses for sale in Sotogrande or other areas of Spain that may serve you and your family’s requirements best?