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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Despite the fact that since 2007, the country has seen a continuous drop in property prices, according to experts, real estate still is a reassessment by 10 %.
Last year culminated in the growth of investment in real estate Spain. In accordance with statistics Agency for Irea consulting, investment in Spanish property increased by 37 % in terms of money - up to 1,081 billion.
After a thorough analysis of the Spanish real estate market, most experts confidently talked about the fact that he is still in position around the low start, and until the restoration it will be almost invisible.
at issue is the process of invisible growth of the property in such a country as Spain. Some people say that it's just a fairy tale, and in fact no growth of the building process just yet.