Yes, this is going to be an excellent year to acquire a new property and we're going to tell you why:
- The purchase of a house is a decision taken for various reasons, from the purely speculative or business objective to creating a home to live happily. After spending 10 years of instability in the real estate sector, normality and smooth growth have returned to supply and prices across the country.
- Some studies, such as that of the Moody ́s rating agency, estimate that the price of the house will grow at a rate of 5.5%, being this one of the highest growth rates of the last decade, but still far from those recorded in the past real estate boom.
- Despite this price increase, banks will offer better financing conditions with lower interest rates, resulting in a real estate market in full growth.
- New residential developments are emerging, generally smaller and of higher quality, with attractive prices in some areas.
In Mediterranean coastal towns such as Dénia, demand continues to grow because of the quality of the housing, the climate and the gastronomic and cultural supply that exists, being the international market the one with the most weight.
Of the real estate operations carried out in the province of Alicante, 41.8 % were made by foreign buyers being by nationalities first, the Britishthat despite the threat of Brexit are still very interested in enjoying the excellent quality of life of the Costa Blancafollowed by French and German as second and third most active nationality in the province of Alicante.
Buying a property in year 2020 will offer an opportunity thanks to the supply and value for money of new-build homes, stable resale property prices and more attractive, affordable financing conditions.
