PMSII Property News – October 2017
Spanish Property Investment Takes off in 2017
The level of investment in Spanish property so far this year has almost overtaken the amount invested in the whole of 2016, according to reports from the Spanish daily El Mundo. In the first nine months of the year €8.679 billion has been ploughed into Spanish real estate by both local and international investors, a figure that is close to the total for 2016 (€9,508 million). Read more.
Spanish Real Estate Market in Good Mood: BBVA Index
The research division of BBVA, Spain’s second biggest bank – expects around 500,000 home sales this year, which would be a double-digit increase on last year. The forecast was reiterated in the latest edition of its periodic Spanish Property Trends report. According to data from the Spanish Notary Association cited by BBVA Research, almost 265,000 properties were sold in the first half of this year, representing a year-on-year increase of 15.5% fuelled by the economic recovery and low mortgage rates. Read more.
Experts See No Sign of Another Real Estate Bubble Soon
The Spanish property portal Fotocasa hosted a series of talks at the Fotocasa Real Estate Conference 2017 earlier this month in Madrid with over 200 market professionals in attendance. The focus was on 5 major questions: Is the recovery for real? Are we moving towards another property bubble? What’s happening to prices? Is the Spanish view of property changing? Who’s buying property? Read more.