September 22, 2014

Figures released last week by the Spanish Finance minister hint at a potential recovery in the economy after it has battled back from 2013 when Spain had its second recession in 5 years. It is widely understood that Spanish property prices have fallen between 30% and 40% over the past 6 years and in some regions and locations the percentage decrease is significantly more.

Last quarters Spanish property prices rose 1.7% which even though they are a long way from previous highs it is a clear indication that collapse of the Spanish Real Estate market may be in the past. In the Malaga province property transactions also increased by a remarkable 24% which indicates a return of consumer confidence to the Costa del Sol property market.

Here in Puerto de la Duquesa Barrington Homes have noticed that the domestic demand for property has not returned as yet but foreign interest in property in Manilva is undoubtedly increasing. This is potentially simply a reflection on the individual countries economic status. The result is a slow stabilising of property prices coupled with an increased demand from foreign investors in time the property market will undoubtedly recover.

2014/5 are certainly indicating several factors that contribute to the ideal time to buy a property in Duquesa. The stabilising property prices, return of buyer confidence in the Malaga region, increase demand from foreign investors in Duquesa property and also 2 year highs in currency exchange making the property in Duquesa even better value.

If you would like more information or are considering buying a property in Duquesa dont hesitate to contact us at info@barringtonhomes.eu or call 610975075. Take a look at Barrington Homes properties for sale.