Now is a “good time” to purchase a property in Spain, agree 71% of Spaniards in a new report by bank real estate servicer Solvia and research company Kantar TNS.
Kantar TNS developed an index to measure investor confidence in the Spanish property market. The index consists of a scale from zero (the most negative) to two hundred (the most optimistic).
The survey, completed by 1,000 people, placed Spain at 112, meaning they are fairly optimistic about Spanish real estate at the moment. A decline in property prices following the financial crash, creating ‘real opportunities’, was a top reason why respondents to felt so optimistic.
Out of those surveyed 35% said that they thought property prices were rising, 43% said they were stable and 22% said they were still falling. In fact, in the first four months of 2017 property prices in Spain have risen by 2.3%, according to Tinsa.
Although 71% said that now is the time to buy a property, 61% said that they could not afford to due to instabilities in employment and low savings.Tags: Spanish Property