Spain’s Real Estate & Tourism Market: Steady & Gradual Growth

The Spanish Property Market has expanded in each quarter over the last four years, consecutively.

According to data from the National Statistics Institute (INE) Spanish property sales rose by 19.3% in June to 44,135 units. New built properties also increased, with 7,899 new homes sold. The sale of used or second hand property rose by 19.2% to 36,236 units.

Statistics from the last quarter reveal ample opportunities to invest in Spanish properties today, fueled by International demand, a flourishing construction industry and a booming Tourism Industry. Recently released data from Exceltur indicates that Spain will register 5 consecutive years of record-breaking figures by the end of 2017. Visitor figures are expected to reach 80 million this year, an increase of 4.1% compared to 75 million for the year 2016.

The latest Market reports are evident of Spain’s attractive and growing Property Market. For Real Estate Investors seeking opportunities in Spain and the Middle East, WIRED Corporation can assist you with Real Estate Valuations, Market Research and Advisory, Residency Programs (Golden Visa), Project Management, Asset Management and more.

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