The Spanish real estate market starts the year with solidity

Investment in real estate in Spain is consolidated in 2018. The residential market throughout the national territory saw prices grow by 3.8% compared to 2017 in the first quarter.

Growth was led by a particularly strong number in Madrid and Palma de Mallorca, where prices rose by 17% and 14.7%, respectively. In addition, the residential sector tends to recover and consolidate in 2018 and prices are expected to increase around 5-6% year-on-year on average in Spain.
On the other hand, prices in Barcelona rose by 11% and prices in Pamplona by 10.4%, while Castilla-La Mancha, Extremadura and Galicia experienced small drops.

These are some of the conclusions that emerge from the Real Estate Market 2018 report published each year by CBRE, one of the largest real estate consultancies on the planet.

Low interest rates, high liquidity and the potential still offered by the Spanish real estate sector, make it an interesting investment compared to other markets and / or products.

For the first time since 2006, the purchase and sale operations of new residential housing are growing and financial entities are relaxing the conditions to give mortgages, as the Bank of Spain recently verified.

Mortgaging your residence is cheap: the average interest rate was 2.67% in October, the lowest of the historical series of the INE that started in 2009.

Economic indicators show an upward trend, with housing demand leading the way, and moving towards economic normalization after the crisis period.