Villa or apartment???

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 4 months ago.

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  • #52075
    Profile photo of Anonymous
    Anonymous
    Participant

    Are villas or apartments the most popular choice for ALL types of buyers within Spain?

    Can anyone tell me if apartment sales exceed villas? What are the trends?

    First time so be nice!!

  • #64385
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Simo

    Spain not only has one of the highest GDP growth rates in Europe but also a dramatically changing population in recent years.

    Demand for all property over the last 5 years has risen due to many factors but a recent report from Luis Leirado (Director General of Tinsa who are one of the largest independent valuation companies in Spain) outlined his reasons for continued future growth in the medium term from the national (and by default the largest) market. You can draw your own conclusions as to the type of property but analysing Sr Leirado’s reasons I’d see a trend towards smaller properties whether they be villas or apartment:

    1. Significant increase in single parent families
    2. Rise in new Spanish residents, specifically on the Costas
    3. Increase in immigrant population
    4. Spaniards purchasing younger
    5. Fragmentation of the traditional spanish family
    6. Increase in the number of Spanish women having paid salaries (up 100% since 1993)
    7. Favourable fiscal outlook from stable government
    8. Switch into property a result of negativity regarding traditional investment options i.e. stock market
    9. Reduction in inflation rates
    10. Remarkably low mortgage interest rates (Euribor currently c. 3.53%)
    11. Maturing of the Spanish mortgage market and increased liquidity

    Kind regards and welcome to the Forum
    Sarah Dodgson[/b]

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