2018 is set to be a great year for sellers on the Spanish property market. Find out why Spain is the place to be in the next year.
House prices in Spain are already rising
Year on year, house prices in Spain have risen by 4.1% in 2017, a considerable rise when compared to 2016 at 1.6%. The Spanish property market’s continued recovery, coupled with continued buyer interest (both foreign and domestic) has led to housing being a secure investment in 2018.
Spain is now the second most popular tourist location in the world
It was officially announced that Spain has overtaken the US as the world’s second most popular tourist destination. With more people than ever experiencing the diverse culture, affordable living, breathtaking scenery and incredible climate, we are expecting to see more foreign buyers taking a dip in the Spanish property market.
There is currently a pre-Brexit rush…
A study undertaken in October revealed that British retirees are currently trying to secure property in Spain before the UK leaves the European Union.
… paired with a post-Brexit promise
The foreign minister has assured British ex-pats that their right to remain in Spain will be safeguarded – whether the UK reaches a deal with the EU or not. Many prospective buyers will be highly motivated to find a property before the UK makes its exit.
Post-Holiday Blues Have Proven To Be a Powerful Incentive
In Q3 of 2017, the amount of foreign interest in property skyrocketed, with a 28% increase in enquiries and a 55% rise in purchasing. As pointed out by Marena Murray earlier in the year, the window of opportunity between the end of the summer and the beginning of Christmas, when the weather in Britain is poor and the spell that Spain has cast on them still has a stronghold, proves to be a popular time for Brits looking to relocate to Spain.
