NEWS

“Spain, the new place to be !”  Khaleej Times  9 March ’15

It just seems like it was yesterday when Spain was a “Black Hole” in the European economy and it was seen by investors as a no-no option during the last seven years. Nevertheless, things change everywhere, and nowadays, Spain is again the “Place to be” for foreign investors seeking opportunistic bargains in every sector. At least this is what Bill Gates, George Soros or Goldman Sachs must be thinking after investing hundreds of millions of Euros in various purchases in the last few months.

Empowered by foreign investment during the entire 2014, Spain is regaining the attractiveness for Middle East and international investors which are looking at the country as an opportunity to make significant benefits in the short and long term. After the long lasting recession where properties prices dropped between 30-40 per cent since its peak 2007, 2014 was the tipping point, especially in Madrid and Barcelona, where prices have started to increase. Spanish politicians use the term “Green shoots” in order to explain the current market and economy forecasts where is not as dark at the end of the tunnel anymore. Quite green as a matter of fact.

This positive trend has not been missed by UAE companies such as the National Bank of Abu Dhabi, Ipic, Emirates airlines or United Arab Bank that have signed ambitious collaborations with Spanish football teams Real Madrid and Barcelona during the last year to penetrate into the Spanish market.

Financial Times  9 March 2015

Spanish housing prices rise at fastest rate in 6 years……Spanish house prices have risen at the fastest rate since the start of the country’s financial crisis, fuelled by a broader economic recovery and increased availability of credit….

Spanish housing glut to disappear by 2017

European News 5 Mar 2014

The Spanish housing glut should have disappeared by 2017 and work on new homes will have to start by 2015 to prevent price pressures building up, argues a new report from Tinsa, a Spanish appraisal company.

Tinsa see signs of small improvements in mortgage lending that could pave the way to a recovery in demand and predicts that housing starts will have to pick up in the second half of 2015 for supply to meet demand in 2018 without price tensions building up.

NOW is the time!

Investors have now realised the property market in Spain has definitely “bottomed out”, and the serious investors and buyers are back investing in Spain!