Spanish real estate has always been considered one of the most attractive and reliable assets for investment. The latest data released by notary offices shows both an increase in sales and the number of mortgages issued, albeit with the help of virtual improvised means.
To buy villa in Estepona, Spain, will be the best choice for anybody looking to live in a big city that is also cosy and calm.
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Real estate forecasts for 2023 and 2024
According to the forecasts of experts from Caixabank, one of the leading banks in the country, housing prices in Spain will continue to rise until the end of 2023. At the same time, their growth will be smooth and moderate, which excludes the emergence of the so-called “bubble” in the Spanish real estate market and other undesirable phenomena that could be regarded as preconditions for a crisis.
The grounds for such assumptions are the steadily positive price dynamics that have taken place since the spring of 2021, an increase in the number of purchase and sale transactions and favourable conditions for bank financing. The pace of market recovery after the Covid-19 pandemic exceeded even the wildest expectations of all experts, without exception, who were preparing for a less optimistic scenario.
According to Caixabank experts, in the course of 2023, residential real estate prices in Spain will grow by an average of 4%. At the same time, they do not exclude that this indicator may vary within 1-7%, depending on the circumstances. In particular, this follows from the fact that inflation was recorded in Spain at 3% last year, and says a lot that it will not stop at this mark.
As for the rise in price of Spanish housing in 2024, it is estimated at 3-4%. However, it is possible that, starting from autumn, this process may slow down a bit. In any case, all experts’ forecasts for 2023 are very positive, so if you are thinking about investing in real estate, both residential and commercial, now is the perfect time to act!
General overview of the Estepona city
Estepona is a sizable city where around 70% of the people are foreigners (Belgians, Germans, French, British, etc.). Spanish people frequently choose to purchase a home in the city to use as a summer house, particularly those who live in Madrid and Seville.
Real estate in Estepona is another option if you want to find a place to call home permanently. It is a serene city with first-rate amenities that provides everything needed for a comfortable living for the whole family.
Beautiful beaches, a large number of pubs and restaurants, prominent international schools, various fascinating landmarks, stores, shopping centres, a broad variety of entertainment, and much more can be found in the city.
Real estate representation
- While the availability of new property near the sea is extremely scarce and costly, starting at a million euros, housing on the resale market close to the coast may be purchased for as little as €90,000.
- A brand-new building in the city is situated on a hill, distant from the coast, and 20 minutes on foot from the shore. Great city and seaside may be found in this kind of property. A brand-new home costs at least €120,000.
One of the nicest beaches on the Costa del Sol is Beach de la Rada in Estepona. It is broad, lovely, and clean. Another nice surprise is the promenade, which runs the length of the entire city and is roughly 10 miles. Because of the city’s design, the sea is always accessible on foot from whatever Estepona residence you purchase.
Real estate in Spain
Spain-Real.Estate website allows you to dive into the world of the property in Spain. You can find real estate in different parts of the country, whichever meets your requirements.
All you have to do it to go over to the website, decide on the budget you plan to spend on your investment asset, then tick the housing features that you need and that’s it!
You will be surprised to see how easy it is to find real estate for investment in Spain now. Go to the website and check the algorithm out for yourself. You will definitely find something for your taste and budget.
