Official figures published in January 2017 confirm that the Spanish economy grew by 3.2% in 2016, ahead of most European countries.
The current growth in the Spanish property market is largely driven by strong foreign demand, both private purchasers in large investment groups. In January 2017, Catella Investment Management completed a property investment in Spain worth 24 Million Euros.
Post-recession property prices are spearheading international interest in what is still a vast (but ever-depleting) selection of property that are available for up to 41.9% below peak level prices. Amidst continuous improvement in economic conditions, an increase in consumer confidence and foreign demand, Spanish house prices have not only stabilised in most regions, particularly in Barcelona, Madrid and popular coastal areas such as the Costa del Sol, but are also registering healthy increases forecast to continue until 2020. continue reading