Spanish property market 2016

Now that we have seen that our forecast of stabilization in 2015 really took place, it's time to make a prediction for the year 2016.

We expect a rise in Spanish property sales and prices (Costa Blanca North) in 2016 for the following reasons:

+The British Pound has firmly increased in value against the Euro. For this reason, Spanish homes are very attractive to UK investors.

+The low interest rate in Europe has a twofold effect: an attractive low interest on mortgages has a magnetic effect and the low savings rate has a repellent effect, or investing in a second home is a good alternative to a savings account. Especially since the letting results are very stable.

+Moreover, the rental market has more potential now that some sunny destinations are less attractive due to tensions in the region, think of Turkey and Egypt. This makes the Costa Blanca North, with the mildest climate in Europe also an attractive sunny destination in middle and low season.

+The Spanish economy showed a good recovery in 2015, for the Spanish themselves there is more room for investment. Of course, this recovery also continued in other European countries, especially the countries in Northern Europe are important for a further rise in demand for second homes in Spain.

In recent years it was fairly easy to find relatively inexpensive homes yourself. It is becoming increasingly difficult, however, making is more important to be represented by an established company that works with virtually everyone in the market.

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