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Spanish economists are projecting in the future the next rise in real estate

Spanish economists are projecting in the future the next rise in real estate

Spain is now a confident leader in the number of mortgage loans and investments both local citizens and foreign real estate. In the Spanish mortgage Association said confidently that the trend for the next several years will operate. In 2016, was recorded for the first time in a long time, some stagnation in the field of purchase-sale of real estate, which grew in the previous growth phase transactions.

If the previous conditions on a mortgage loan was greatly mitigated, and the amount is extremely increased, the Association opined that the most likely loans to be toughened as the situation in the country in terms of financial stability, again somewhat compromised, and unemployment may grow again.

In fact, this process can be called a vicious circle, as the level of unemployment in Spain in the last years of crisis depends solely on the construction business, which in turn provides the Spaniards with jobs. The unemployment rate depends on the volume of investments, and the factor in turn depends on the purchasing power of Spanish citizens. 

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