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.

A study by Real Capital Analytics has revealed that Spanish property sales have increased a remarkable 183% in the first quarter of 2014 compared to the first quarter of 2013. This equates to over 1.4billion Euros of property transactions throughout Spain. These impressive figures prove the return of investor confidence to the Spanish property market.

A number of Private Equity companies are investing heavily in Spanish Real Estate and particularly throughout the Costa del Sol. Private Equity companies have increased their market share in property in Andalucia by a staggering 13.9%. Goldman Sachs are particularly active in the residential property market. This large increase in private investment in the area shows that property prices are potentially at the lowest they will go. Also that supply in property is also reduced due to the purchase of entire developments or blocks of apartments by these leading investment companies.

Spains Development Ministry has also recently announced that the average house price in Spain fell by only 0.5% in the first quarter of 2014 which is the smallest decline in any quarter in the last 4 years which suggests that the bottom of the market is near.

With investor confidence increasing, property supply reducing and the property values more stable it certainly suggests that anyone wishing to own a property in Duquesa or make a sound property investment should certainly act now. Register your interest with Barrington Homes today at info@barringtonhomes.eu or book a Property Viewing Trip. Dont miss out on this great opportunity !!

The Organisation for Economic Cooperation and Development (OECD) have assessed the value of housing in 27 member countries based on the ‘average wage against the long term property prices’ and also ‘property prices versus rent’ to assess the properties value as a business investment. Spain scored among the best on both counts and improved its score on 2013 results. Spains property market scored better than rival countries such as USA, Canada, Australia and New Zealand which we all over valued according to the report.

In the statement released by the OECD it also commented that “In Europe, strong house price growth is continuing in Germany and Switzerland, and has also resumed in the UK, even though prices there are already above longer-term norms relative to rents and incomes. Markets remain softer in other parts of the euro area, reflecting weak income growth and tighter financing conditions.”

The report is encouraging for anyone who wants to invest in the property market in Spain in 2014 as the prices are the most relative to the low Spanish wages and rental yield is still strong. For more information on bargain buy property in Duquesa take a look at Barrington Homes comprehensive guide.