Spain continues to be a highly sought-after destination for property buyers, as the country’s housing stock dwindles. According to a study released by European property portal, Idealista, on Friday, April 28, the number of available homes for sale in Spain has decreased by five per cent in the last year.
While this trend may be concerning to some, it is a clear indication of the growing appeal of Spain as a desirable location for homeowners. It is also set to further boost property values across the country. Major cities such as Barcelona have experienced an 11 per cent decrease in homes available for sale, while Madrid has seen an unexpected four per cent increase in supply.
This trend is not exclusive to major cities, as even smaller towns have witnessed a decrease in available homes for sale. However, this hasn’t deterred homebuyers, as Spain continues to be a popular destination for those seeking a beautiful and comfortable lifestyle, and property sales have continued to soar. Spain has a lot to offer for anyone looking to invest in a house, from picturesque landscapes to world-class amenities, cultural heritage, excellent cuisine, and sunny weather all year round. It is no surprise that Spain is still a top destination for international property buyers.
Additionally, the Spanish government has taken several steps to attract foreign investment, including offering residency permits to non-EU investors who purchase property above a certain price. As a result, Spain’s property market is thriving, with the supply of homes falling behind the ever-growing demand. Property buyers can benefit from low-interest rates, a buyer’s market, and favourable property prices in Spain.
As the the desire for a better quality of life continues to grow, Spain’s housing market shows no signs of slowing down. Spain’s appeal as a prime location for homebuyers is continuing to increase, despite the decline in available homes for sale. Property investors can expect a healthy return on their investment in Spain’s thriving property market, with the promise of a comfortable and beautiful lifestyle thrown in as an added bonus.