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October 22, 2014

In Spain, there is less real estate each year

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In Spain, there is less real estate each year

According to the forecasts in 2015 in Spain will remain at 40% less the “stok” of estate estate, than it is currently. For example, in Madrid, will be bought 80% of a commercially available real estate during the next year.

“Stock” property in Spain will be reduced to 40% in 2015 from a high number of more than 931,637 units registered in 2010. Sale of real estate in a big escale will affect the Spanish capital, where it is expected that 80% of units will be sold in the near future and over the next year. In 2009, in Madrid there were 58,683 apartments and houses for sale, which is a historical record for the city. This is according to  “Pulsimeter of  Property”, prepared by MAR Real Estate in academic cooperation with the Institute of Business and the National Network of qualified consultants of real estate (RAIC).

It's worth noting that in most cases behind these purchases of real estate are the small investors and foreign investors who consider this moment is ideal time to invest in real estate, as it is expected that the price and yield will tend to grow in the next year.

Real estate is currently an attractive investment opportunity for many investors, especially given the Little presence of other alternatives with high benefits, such as deposits, whose margin fell by two percentage points this year. “Small investors are investing their money in residential real estate, from 100,000 to 500,000 euros, especially in Madrid, Barcelona and the Mediterranean coast, where two of the three transactions are made with cash, compared with 25% on average in the country,” – demonstrates the investigation. This figure has doubled since the crisis began.

At the head of real estate purchases by non-residents of Spain are the British, Germans, French, Belgians, Scandinavians, Russians and Chinese, who come to Madrid, Barcelona and some coastal areas to live or on vacation.

 

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