2015 is the best time to buy a property in Duquesa !
The International Monetary Funds ‘January Multi Country Report’ has reported positive news for the Spanish property market. The report concludes that property prices in Spain, Ireland, Denmark and the Netherlands ‘have come to, or may be near their lowest point’ It reports that the Spanish and Irish markets were the worst affected due to considerably more properties being built. Declining prices have been compounded by a standstill in the construction industry and high levels of unemployment. This report echoes the sentiments of the Bank of Spains conclusions that the adjustment in the Spanish property market has now entered a period of stabilisation.
The CIS, Spains Centre of Sociological Studies has also reported that the Spanish property prices will become stabilised in 2015 and they have noted that the majority of Spanish consumers share the same opinion. Th report concluded that over 50% thought that the prices would be stable and over 26% thought that prices will rise. Of those surveyed 3.5% said that they plan to buy a property in Spain this year. The CIS survey also shows a significant increase in Spanish consumer confidence generally, both in regard to the current situation as well as future expectations.
This is all positive news for the property market in Duquesa and throughout the Costa del Sol. Recently Barrington Homes have witnessed an increase in buyers confidence regarding property in Duquesa. For those considering purchasing a property in Duquesa the statistics and consumer confidence indicate that 2015 is the year to buy a property before the prices rise again. The Euro to Pound exchange rate also makes the current property prices even more affordable for UK purchasers indicating even more urgency to purchase a property within the first part of 2015. For all the best properties for sale in Duquesa and up to date currency information take a look at www.barringtonhomes.eu or contact one of our team on (0034) 610 975 057.