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| El Retiro, Denia |
The final quarter of the year, especially October and November, are often regarded as ideal months to embark on the purchase of a property.
Year-end closing for banking - Like other companies, financial institutions take stock and try to achieve the objectives set at the beginning of the year. That is why mortgage offers are better in recent months.
The backlog generated by the Mortgage Law - These regulations generated a delay in the signing of loans during the summer, requiring banks to have more thorough solvency checks. Thus, we will see a more hectic autumn than usual.
Low Euribor - The index to which variable mortgages are referenced in Spain remains in negative territory and there is little reason to expect sharp rebounds. The mortgage war to attract the client to the fixed mortgage continues.
Price stabilization - The residential markets of Madrid and Barcelona have seen prices stabilize, after several consecutive quarters of strong price growth. Now is a good time to negotiate prices that up until recently were too high and maybe just out of reach.
New build property coming to the forefront - Although the resale market leads the way in the number of property transactions, the new-build housing market is moving at a good pace. As the commercialization of off-plan property increases, the completion dates are not due for 12 to 24 months down the line.
New election date - Once again, the Spanish are being called to vote again, November 10, 2019. We predict that political uncertainty will give way to a more stable and favorable environment for the buyer.
As always, keep an eye on our webpage - www.ultimatehomes-spain.com - which we keep updated on a daily basis. We are always adding new property realistically priced for sale, (check out this new listing in Denia for 125.000 Euros for example, two bedroom garden floor apartment a short walk from the beach). Or why not contact us with an idea of what would be your dream property, I'm sure we can help you find what you are looking for.
If you or anyone you know would like to receive more information on any of these properties, contact us now by email or telephone +34 966 112 773
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