Based on the report of the Spanish Fund orderly bank restructuring (FROB), fall in prices on the country's real estate market will continue until 2017.
The Fund specialists said that wait for the recovery and stabilization on Spanish property market does not make sense before 2017. Experts believe that the upward trend in real estate prices in Spain could be observed only after 4 years. Grows will be about 3% per annum.
So, Spain becomes an excellent choice for those who are interested in long-term investments in the real estate market in Europe.
Based on forecasts of FROB, the price of property in Spain in 2013 will fall by 2,8% and by 1,5% in 2014. Approximately the same predictions apply to land, the value of which in 2013 dropped by 12,5% and in 2014 - by 5%.
The recovery of the land market in Spain will stabilize quickly then property market - in 2016.