Property for sale in Spain
The Property Guides website has recently carried out a survey on the growing desire of the British to buy property in "sunny Spain".
One of the best ways to buy a cheap house in Spain is to buy an off-plan property. An off-plan property is simply a property that hasn’t been built yet, something that is on the rise in Spain. During the recent coronavirus crisis, the construction sector of new houses in Spain has taken a hit, never
With the current state of the property market, including certain instability after the coronavirus pandemic in Spain, people are looking for cheaper ways to purchase a house or flat in Spain, especially new constructions with larger surface areas and outdoor space.
The real estate sector in Spain, which has been operating normally again for a little over a month after the COVID-19 pandemic, is experiencing a gradual reactivation and recovery at operations level, while the whole of the Spanish economy is getting back on its feet.
Wooden prefabricated houses are seeing a substantial growth in demand in Spain in a market that is seeking new types of sustainable and efficient housing. These industrialised models are establishing themselves in the market with new offers that appear at affordable prices for any budget.
The economic and real estate scenario that has been caused by the coronavirus pandemic in Spain is seemingly worsening as the weeks go by according to experts.
Major developers in Spain such as AEDAS homes, others that only dedicate themselves to the prefab business model such as InHaus, and experts such as José Antonio Tenorio, a Spanish National Research Council (CSIC) scientist at the Eduardo Torroja Institute of Construction Sciences (IETcc), affirm th
"A swimming pool, a garden or terrace and, most importantly, somewhere with good connectivity and the possibility of having fibre optic broadband".
"The response of the demand in the real estate market after the coronavirus health crisis depends on several factors such as the development of the 'de-escalation' phases, the financial situation of the potential buyers, the employment figures, the impact on the investment, etc.
Many areas of Spain are already looking forward to the third phase of de-escalation after many weeks of confinement at home.
The purchase and sale of housing in Spain by foreigners grew by a slight 0.5%, in comparision to the previous year, in the second half of 2019 to over 50,500 transactions, according to notaries in Spain, for an average price of 1,801 euros/m2.
House prices will decline in nearly all major western European markets this year due to the economic effects of the COVID-19 pandemic, according to the "Government job support will stem European housing market price falls" report by S&P (Standard & Poor's) Global Ratings.
