Property News from Murcia
Property Appreciation Expected and Buying for the Right Reasons
Luis De Guindos -the Minister of Economy and Competitiveness of Spainhas spoken out and claimed that official statistics of property devaluations are not accurate. The statistics state that prices on average have fallen by 30% but people in the property business and home owners are aware it’s likely closer to 50%.
He also stated that he “believes that some segments of the Spanish housing market have bottomed out, in line with the wider economy.”
Timing the bottom of a downturn is not the easiest of tasks at the best of times and most experts are normally off with respect to exact timing predictions however, the fundamentals in Spain do appear to be turning a corner, but whenever we talk to people about property, we encourage them to buy for the right reasons.
At least part of the downturn was caused by speculation from people hoping to “flip” properties and they did not seem to have any interest in the mid-long term. We like to encourage people to see it for exactly what it is:
A quality home overlooking a golf course in a country with sun almost all of the year.
When you actually see the Hacienda Del Alamo complex and everything it has to offer in its true sense it really is a great place to live or a wonderful holiday destination.
If you would like to arrange a viewing or have any questions please email firstname.lastname@example.org