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Spanish Property Prices

Posted by lavida on November 15, 2015
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Spanish property prices could rise by 12% in 2016 according to an article published in Spain’s second biggest daily newspaper, El Mundo. Gonzalo Bernarods a professor of economics and Director of the Real Estate Master programme at the University of Barcelona claims houses are relatively cheap in Spain with prices almost half what they were in 2007. Banks are flooded with cash and willing to lend on properties, housing offers better returns than other investments with rental yields at 3.5% and many buyers now switching from renting to buying as Spanish families jump back into the market to buy. He predicts price gains of up to 50% over the next four years.
For more information see the source of the article in Spanish at El Mundo or Spanish Property Insight for a fuller English translation.
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