NOW IS the time to buy Spanish property, say 7 in 10 Spaniards, as confidence in the country’s real estate climbs.
71% of those responding to a survey by Solvia and Kalvar TNS said that it is “good time” to buy property. The poll of 1,000 people asked for them to score their views from 0 (pessimistic) to 200 (optimistic), resulting in an average of 112, which suggests that domestic buyers think that the country’s property is an attractive investment – a marked turnaround from a few years ago.
Factors fuelling the increase in confidence include the fall in prices since the housing crisis, the fact that real estate is a stable asset and the recovering market, which now offers “real opportunities”.
Buyers, however, were more downbeat about their finances, with 61% believing that now is not the right time for them to afford an investment, due to poor employment stability and a lack of savings.
With 35% saying that prices are now rising and 43% saying that prices are stable, though, for those who can afford property, such as foreign investors, can be reassured by the spreading positive mood surrounding Spain’s property market.