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June 16, 2014

Record Spanish Property Sales in 2014 !!

Filed under: Property — Barrington Homes @ 2:01 pm

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 !!

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