Ready for takeoff. Property in Spain can dramatically increase in price

Ready for takeoff. Property in Spain can dramatically increase in price

Head of the Economic Research Institute José Luis Feito gives unexpected forecast on real estate prices in Spain. Very soon housing in this country will sharply increase in prices and this will last over the next few years - but only in case if the positive factors coincide with each other in time, according to ee24.com citing noticia.ru.

The Spanish economy is getting out of the crisis, and in the case of synchronization of the current economic growth and labor market, property prices will stabilize this year. The decreasing supply will also contribute to this. As in the past seven years property prices in Spain dropped by 30-40%, there are good prospects for rapid growth in the coming years, after which this growth will stabilize at around 2% per year.

Many other authoritative experts do not share such optimistic outlook. For example, the bank BBVA postpones the start of prices increase to 2015, and only in the case of reducing unemployment and continuing low mortgage rates.