Chloe Glover (Reporter)
PROPERTY prices across Spain are set to soar by 2.5% this year.
The prediction by experts at BBVA bank shows conditions are still
favourable for moderate growth in the country.
A record decrease in unemployment in March is also expected to fuel the
market on its road to recovery.
In total, the amount of sales is expected to increase by 7% to almost half a million.
The continuing low level of mortgage interest rates will also favour a rise in demand, maintaining upward pressure on the price per square metre of housing.
“Spain property prices might increase by 2.5% in 2017′ would be more accurate.2.5% is not to ‘soar’.
chas not sure why they assume a record decrease in unemployment in March is also expected to fuel the market on its road to recovery as employment also decreases after the holiday season is over. It happens every year, nothing new.