Head of the Economic Research Institute (IEE) Jose Luis Feytiat confirmed that since 2016 there is a possibility that may occur a significant rise in property prices in Spain, however it will be caused by the economic situation in the country.
According to the publication Murcia Economía, Feytiat believes that similar dramatic changes in the forecasts for the coming months, probably will initiate the revival of the real estate sector in late 2015 – early 2016.
Expert drew attention to the fact that raising the issue of the price increase until 2016 is not worth it. It really is possible in the case, there will be an inevitable process of economic recovery. If this process is interrupted, the “real estate sector will be lost, and may die with him, and we are,” said the expert.
Assessment Feytiat, this year and in subsequent years assumed a significant drop in the number presented for sale of real estate in Spain. He added that the most difficult step has already been taken, and steady revival will soon become evident. Whatever it is necessary to revive the simultaneous growth of economic indicators. Which can be seen during the heyday of the country, and it is identical to the growth of GDP and employment, which prevails over the level of population growth.
In the present context, recorded more restrained performance when compared with the period of recovery of GDP growth, the cost of housing will not be calculated in double figures.
Just Feytiat noted that soon the labor market will revive strongly – by 1.5% this year and 2% next year.