Reply To: Spanish property – long term investment or not, views…

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Spanish property – long term investment or not, views… Reply To: Spanish property – long term investment or not, views…

#225451
macgd016
Participant

Let me just look at my crystal ball 😀   Just kidding but there is just no way of knowing, property values are cyclical, some are short cycles and some are longer but in Spain they have tended to be boom and bust in recent history.  The last property crash in Spain was in 2007/8 and it probably didn’t start to recover until 2015, generally speaking prices have probably recovered to their pre crash value but it depends very much on the location.  There are some exceptions to this, Barcelona, Sitges and Mallorca to name three where prices were less effected by the crash and have increased ahead of the national norm.  You could reasonably take the view that the Spanish economy is on the up, interest rates are low and banks are lending again so property values should increase significantly before they crash once more.  Alternatively you could take the view that the Spanish economy is on a knife edge, there is much uncertainty in Europe, the cost of money is so low that it can only go up which will put many people in negative equity, all of which would lead you to believe there is likely to be an imminent crash so its back to your crystal ball I’m afraid!