Property market in Spain now at its busiest since early 2009

22/11/2018

For many of us, the late 2000s economic crash – and its associated adverse effects on the sales and prices of European property – may feel like a generation ago by now, especially given that demand for the finest Sotogrande property for sale has seemingly always been high.

However, it is still useful for those contemplating the merits of owning a house, apartment, villa or plot within this exclusive residential development to keep an eye on how Spanish property in general is doing.

By that measure, it seems that the nationwide property picture is quite a positive one as of present. According to the latest residential property sales data released by the government’s central statistics unit, the month of September saw 42,766 completed transactions in the country, which was 9.7% up on the figure for the same month a year ago.

Lots of reason for positivity – but also to act

Even considered in isolation, such an increase would probably be hefty enough to encourage most people contemplating the latest available Sotogrande property for sale.

However, the overall condition of the Spanish property market looks even better when one also notes that this is the eighth year-on-year rise to be recorded in the first nine months of 2018. Even the exception to that run – in March – can be largely explained by the figures having been distorted due to Easter falling earlier than in 2017.

Furthermore, when the figures are broken down among the 17 Autonomous Communities in Spain, year-on-year rises were recorded in September for all but two of the regions – those exceptions being the Canaries (-4.4%) and the Balearics (-4.2%).

If there is one urgent conclusion that those wondering whether to invest in any of the most recently listed Sotogrande property for sale may draw from such statistics, however, it is that now is the time to enter the Spanish property market while it is in such good health.

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