Spanish property prospects for 2010 (Part 2)

Valencia region
January 2010 saw average overall property prices in Spain rise for the first time in 24 months, albeit at a very modest 0.6 per cent. Within this trend, the Valencia region was among the better performers in the country, registering an increase of 2.2 per cent on the month before. It heralds the beginnings of a gradual recovery in a region whose property market is blessed with optimal diversity that includes important primary, secondary and commercial sectors.

“While it is clear that we have reached the low-end of the cycle and that life has returned to the market, it is also evident that this will be a slow and gradual recovery,” says Inmobiliaria Rimontgò CEO José Ribes Bas. “In the general market there are large stocks of unsold property to be absorbed first, and this will take some time. In the higher end of the market in which we specialise demand has been far more consistent, although it remains a buyer’s market and this means that buyers seek out quality real estate that is competitively priced.”

“We have entered a period in which buyers with liquid means and access to financing are in a very strong position to benefit from attractive prices – acquiring more home for their money and a very good mid to long term investment. For people like that the coming two years will be the best time to buy property.”

New post on at Friday, 12 March, 2010, 8:55 am and is archived in Information for Property Buyers and Sellers, Property Sector, Rimontgó. Subscribe to answers with RSS 2.0 feed. Both comments and pings are currently closed.