Spanish Property Market Going Up With Foreign Demand Strong

From La Opinion de Málaga here: ‘Foreign investment returns to the coast thanks to the boost of tourism. The residential business is experiencing a new surge supported by stimuli such as the Golden Visa, which grants automatic citizenship to home buyers of more than 500,000 euros…’. From Mark Stücklin’s Spanish Property Insight: ‘Spanish housing starts are approaching 75,000 units for this year, 15% more than last year, and increasing sales are expected to further boost development, according to an industry sector report by consultants DBK Informa. The report argues that the upward trend in the Spanish property market will continue over the short term in the main property market segments, driven by the “positive” economic situation…’. More here. From Spanish Property Insight: ‘House prices in Palma de Mallorca back to boom-time peak, but rest of Spain still a long way off’. More here. ‘UK nationals bought around 2,300 homes in Spain during the third quarter. As has been customary, the most important source of foreign property buyers in Spain was once again the UK, accounting for 14.8 per cent of the quarterly total…’, says Murcia Today here.

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