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The decline of housing prices in Spain

The decline of housing prices in Spain

since 2000 and over the next seven years in Spain saw an increase in property prices, in General, 5.5 %. Further, the crisis which has affected the whole world, and especially Spain and her bradstone Italy, has shaken the financial situation in the country, and there was a forced price fall for real estate.

seven years Later, in our time, in the 20147 year's decline does not stop, however, this fact has increased the demand twice on real estate, respectively, for the construction, by foreign capital, which in turn affected the number of jobs and reduction of unemployment rate, particularly the issue was especially acute among young people. In 2017, these circumstances are allowed to show around 3 % - so prices have fallen compared with the conventional an adequate amount. This statistic is actually positive, as in 2013, the trend of decline was 12 %.

If to speak about investments by Russian businessmen, it is the small compared to contributions from other countries because international busy background and a variety of sanctions against businessmen did not sufficiently financial resources to invest in real estate in Spain. Housing is mostly purchased by investors modest, but the demand for apartments from 500 000 euros there, and it is stable.

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