Spanish property prices predicted to rise 5 to 7 per cent in 2019.
TINSA, experts in Spanish property valuation have predicted 2019 will bring a healthy rise in property values in the region of 5 to 7 per cent. Their forecast has been based on current trends in building licences, sales and mortgages granted.
The experts at TINSA also expect the number of residential property sales to increase in Spain from its current level of just over 500,000 to between 625,000 and 650,000, whilst mortgages granted are forecasted to increase by 15 per cent to between 275,000 and 300,000.
The positive trend in new property building licenses are also predicted to increase to between 100,000 and 125,000. TINSA note that these significant increases should not lead to fears of another boom or bust cycle as sales figures still remain 36% under the level reached at the peak of the 2006/2007 boom.