From NuWire Investor
Rock-bottom property prices and political unrest in comparable destination spots in North Africa are attracting more foreign buyers to Spain, according to one realtor in the Murcia region. Real estate firm Mercers predicted a 25% year-on-year jump in sales in January and the 2013 sales regional record proves out the prognostication.
Enquiries have not increased, but experts say the seriousness of them have and more leads are resulting in sales. Meanwhile, Spain’s Economy Minister announced he believes growth could return to the market as early as this year. For more on this continue reading the following article from Property Wire.
Sales momentum is building in some parts of Spain with one well established agency reporting transaction activity up 25% in the first three months of 2013 compared with a year ago.
In January, Murcia based estate agent Mercers predicted 25% increase in house sales for 2013 over 2012 and the figures now back this up.
‘I can’t pinpoint exactly why our sales are up so much, but momentum is certainly beginning to build. It can’t be attributed to an end of year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our transactions have been resales,’ said director Chris Mercer.
Read more at nuwireinvestor.com