Now is the time to buy Spanish property, say 7 in 10 Spaniards, as confidence in the country’s real estate climbs.
71 per cent of those responding to a survey by Solvia and Kalvar TNS said that it is “good time” to buy property. The poll of 1,000 people asked for them to score their views from 0 (pessimistic) to 200 (optimistic), resulting in an average of 112, which suggests that domestic buyers think that the country’s property is an attractive investment – a marked turnaround from a few years ago.
Factors fuelling the upbeat sentiment include the fall in prices since the housing crisis, the fact that real estate is a stable asset and the recovering market, which now offers “real opportunities”.
Buyers, however, were more downbeat about their finances, with 61 per cent saying that now is now the right time for them to afford an investment, due to poor employment stability and a lack of savings.
With 35 per cent saying that prices are now rising and 43 per cent saying that prices are stable, though, for those who can afford property, such as foreign investors, can be reassured by the spreading positive mood surrounding Spain’s property market.
