New heat on the Spanish real estate market!

October 17, 2010 at 3:01 pm Leave a comment

Ok, so apparently there’s new heat on the Spanish real estate market. This increase in sales is due to the fact that the tax deduction will disappear in  January 2011. The proximity of December 31, the date on which the Government announced that buyers with incomes above 24 100 Euros  a year will not be granted tax relief for purchase of flat. Something is moving on the real estate market, but no one is confident that these shocks announce a real estate market recovery.

Financial institutions are the protagonists of this phase of the cycle: they take more supply than anyone else and sell more than anyone. The reason is that banks and banks have more ability to lower prices than the promoters, who can only reach the value of your mortgage and also have the key for people to buy: financing.

So, buy now or wait until prices drop lower? Experts are saying that this is the time to check out the offers, present aggresive prices and if you are not accepted, you need to wait. Even if statistics are sometimes opposing, it’s important that we know that there is some movement on the real estate market.

Find more details here

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Entry filed under: Housing, Kinos, News, Real estate. Tags: , , , , , , , .

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