Spanish property sales are predicted to rise by 9.3 per cent and prices by 5.5 per cent by the end of 2016, according to real estate servicer Anticipa, a company that manages and sells large property portfolios.
The anticipated rises were published in their most recent real estate market report for the period of 2016-2018, forecasting a rise in sales of up to 8% to 454,000 in 2017, and a further 6% to 480,000 in 2018, finishing this year on 419,000.
The report confirms the widespread belief that the Spanish property market is very much in a state of recovery, due in part to recent government reforms and loosening policies within the European Central Bank. At this rate, Anticipa forecast that Spanish property prices will rise by 20 per cent by the end of 2017, when compared to bottomed out prices in 2013.
While property prices are still 24 per cent below 2007-levels and transactions are still less than half what they were pre-crisis, the increases are steady and much more sustainable. In 2018 for instance, Anticipa forecast annual home sales of 480,000, which is a rise of 68% compared to 2013, when levels hit a record low of 285,000.