Experts advise not to pay attention to reduce the cost of housing...

Experts advise not to pay attention to reduce the cost of housing in Spain

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Experts advise not to pay attention to reduce the cost of housing in Spain

The largest portals estate Spain predict that by the end of the year, housing prices in the country will still decline. But the dynamics gradually approaches zero. Therefore no longer necessary to pay special attention to the fall in prices. On the contrary, it’s time to think about investments. 

Recently in the Spanish media appeared many applications analysts and top government officials about the fall in the value of property in the first quarter with. by 1.6%. Such data, recall, published National Institute of Statistics. Assessing the situation, analysts have concluded that in the near future the situation finally stabilized. The main problem of the Spanish market is the low purchasing power of the majority of citizens, which is why sales growth will be mainly due to foreign investors. 

According to head of research conducted by the portal fotocasa.es, Beatriz Toribio, slowing the negative dynamics of the real estate market in Spain shows the willingness of the market enter a period of stabilization. However, the situation is not the same in all parts of the country. Therefore, in some provinces, we are likely to see a rise in prices at the end of this year – early next year, while others will continue for some time to fix the negative data. At the same time Toribio believes that the worst of times for the Spanish property market is behind us. Despite the fact that domestic demand is still weak, we can hardly expect regular deep failures in the coming years. 

Similar conclusions makes edition of “El Economist.” Head study real estate market in Spain for the portal pisos.com Gandarias Manuel confirmed that the situation is clearly improving. According to him, in the coming months will freeze prices at close to current levels, finally reaching a “bottom”. Further symbolic price hike will take turns slight decrease cost objects. And only after that, when the economy will resume its development, we can expect recovery in prices, which will tend to pre-crisis levels. 

One reason for the fall in prices, analysts called the sellers desire to get rid of for sale homes and apartments. They provide significant discounts, which give the impression of negative trends. In fact, homeowners raise prices as soon as they see that sales are activated. 

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