Real Estate Torremolinos

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Spanish Real Estate Jargon

Spain posts housing sales increase as 'investor confidence returns'

zondag 21 maart 2010



More positive news about the housing market in Spain. I would say, spain is a big country. This doesn´t say much about the situation on the costa del sol or Torremolinos. I will try to find some recent figures about the current real estate market in Torremolinos. But have a look at the next article.

Spanish property market has posted its first rise in house sales for three years, it has been announced.

Figures revealed by the Ministry of Housing show that sales in the country were up by 4.1 per cent year-on-year during the fourth quarter of 2009 and could represent a return in interest to the economically-troubled destination.

Speaking to Overseas Property Professional, many developers and agents reported that they had experienced a rise in the number of sales and enquiries they had dealt with surrounding the popular European destination.

Alfredo Milla, director of international investments at Mediterranean, told the property website that there was a feeling that the economic climate was improving.

"We believe that the confidence is returning to the international buyers as they can see the great offers that are now available in Spain.

"With a lot of European countries predicted to leave the recession this year there is not so much financial fear."

Meanwhile, the National Association of Estate Agents International has recommended that buyers invest early in the country to take advantage of bargain properties.

1 reacties:

Anoniem zei

Statistics Spain about the housing market???? How do the know? Most houses are paid or partly paid with black money. All the statistics have been positive or slightly negative in the last two years. Strange very strange. I would say don´t believe spanish real estate statistics. Nobody does over here.

21 maart 2010 om 17:40

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