Starting this year is no different from the previous ones , property prices in Spain still falling, but the pace has slowed. This statement was made appraisal company Tinsa.
According to her, in March, the rate of decline slowed somewhat – cheaper housing by 5.5 % compared with the same period last year, while in February, the figure was 7.6 %. In this connection, the real estate price set at the level of March 2003. Since reaching a peak in December 2007, prices fell by 39.7 %.
One of the most noticeable drop in average annual terms was on the Mediterranean coast – by 11.9 %. Beyond that Udut capitals and major cities (5.8%) , Borough ( 4.7 %), other municipalities (4.1%) , the Balearic and Canary Islands ( 2.6%).
Tinsa analysts point out that the situation in the real estate market has changed dramatically with the arrival of foreign investors. Specialists make a prediction that this year the volume of investment sales grow by 60 %, to 4 billion euros. As well , experts note that foreigners will need local partners , in connection with the domestic investors will still play a significant role in the market .
It is worth noting that, in the housing market entry of foreign capital will not have much impact : foreign investors note that this sector has huge potential , but difficult to manage such assets , and the level of profitability is extremely low . Tinsa representatives believe that the lack of funding has ceased to be a major obstacle to investment. Now those largely considered differences in the expectations of buyers and sellers .