Another study of the real estate market from reputable international company concludes that the value of real estate in Spain reached its minimum possible. At this time we are talking about the analytical center of German bank Deutsche Bank Research. According to a recent report of experts of the company, a property in Spain will no longer become cheaper. This is what experts call a sign of recovery of the Spanish economy and its exit from a technical recession.
Since the start of the global economic crisis, real estate in Spain fell by 30% (compared to the cost of housing in Ireland fell by 50%). Also experts of Deutsche Bank Research indicate in its report that over the last year has increased dramatically drop in value of real estate in Spain.
Is it the value of property in Spain to its minimum value – this issue has been quite many experts of real estate market, who can not come to an agreement. One day experts write that yes, the value of real estate in Spain reached record lows and has will not fall below. The next day, in mass media can be read and hear others, even contradictory, opinions. What side accept, it is a personal question.
Important and decisive is the fact that Spain is beginning to emerge from the economic crisis, which gives real estate professionals reason to say that the larger decline in property prices in Spain is not possible.
In the case with Deutsche Bank Research, which analyzes in his report the recent evolution of the real estate market in 11 European Union countries, the company's specialists are of the opinion that the value of residential property in Spain has reached the minimum values and in 2014 there will not be significant changes in the prices of houses and apartments in the Spanish territory.
Deutsche Bank Research study also includes the data on the most significant changes in the real estate market of European countries. In particular, Spain, Ireland, Greece and the Netherlands became the countries where the property, residential and commercial, fell the most, by 50% (Ireland) to 20% (Greece and the Netherlands).