Expatica news

Spain property prices set to rise in 2017

Property prices across Spain are set to soar by 2.5 percent this year.

The prediction by experts at BBVA bank shows conditions are still favourable for moderate growth in the country.

A record decrease in unemployment in March is also expected to fuel the market on its road to recovery.

In total, the amount of sales is expected to increase by 7 percent to almost half a million.

The continuing low level of mortgage interest rates will also favour a rise in demand, maintaining upward pressure on the price per square metre of housing.


© Olive Press Spain