Gradual recovery in the economy and progress in the COVID-19 vaccination schedule are rolling away stormy clouds that have plagued the property market, which now looks set to be dominated by rising prices.
At least that is what the experts of Idealista / news portal predict, including economists, specialized consultants and real estate agencies. All of them believe that in the coming months real estate will rise in price, mainly in large cities and adjacent areas, as well as in those properties where there is, for example, open space, and this is exactly what there is demand for.
Now is the best time to buy if you have savings for a down payment for your house and a stable job that allows you to pay your mortgage, experts say.
The first thing that the experts want to convey is that property is likely to rise in value, both in the rest of the year and in the coming years.
This is the opinion of Antonio de la Fuente, Managing Director in Corporate Finance departmen at Colliers International Spain, a consulting company, who says: “Given the current prospects for a gradual improvement in the economy, we estimate that house prices will trend positively through the rest of the year.” And while it is always difficult to predict the dynamics of house prices, he admits: “There is a broad consensus on the growth prospects of our economy over the next two years, which we estimate, will have a direct and positive impact for home sales and purchases also during 2022 together with the current environment of low interest rates and robust inflation”.