Four Reasons Why Now is a Good Time to Invest in a Home in Spain
In recent months, the majority of experts have agreed that now is a good time to buy property in Spain. Banks have again been granting loans for the purchase of housing and prices remain favorable. Let’s take a look at some of the reasons why now is a great time to invest in a home in Spain.
1 – Ease of credit
Banks have opened their doors again to mortgage lending, although with more secure measurements than in the years before the crisis, of course. In addition, if the financial crisis was good for something, it was good for cleaning up the banking system, which now offers a greater solvency and guarantee to citizens.
2 – Very low interest rates
Thanks to the fall of the Euribor, facing mortgage payments is now much simpler. It’s at a historic low and, according to the bank of Spain, the Euribor will continue to be low until at least 2021.
3 – Housing at very interesting prices
After several years of falling, housing prices are going through a general rise in most regions of Spain, indicating a clear change in the trend. According to recent Eurostat data, housing prices have risen by 6.3% in Spain. There hasn’t been such a high rise since 2007.
4 – Opportunity for foreign investors
The best numbers of the Spanish economy foresee a time of stability. For foreign investors, Spain is a very attractive country to visit and live due to its quality of life, climate, openness to business, geographic location, infrastructure and connections.
At Livingstone Estates, we believe that it’s a particularly good time to invest in our properties. Our properties are unique because of their exclusivity and location in the best residential areas in the unique and wonderful place that is the Costa del Sol.