Many people from all around the globe are looking into buying a home in this beautiful country, but is it a good time to buy property in Spain? The short answer is yes! But it will also depend on your personal circumstances and requirements. From 2014, property prices in Spain had slowly been going up. This lasted until the end of 2022. However, real estate specialists forecast that property prices will slightly fall around 1% and 3% in 2023 and 2024, nevertheless figures will remain high.
Despite these predictions, Spain still remains one of the strongest markets in the area, and experts say that the national economy will become even stronger in the next five years so the prospects for Spanish homeowners look good. The market will remain healthy and in high demand in comparison with other European property markets. Furthermore, mortgage rates are low compared to current inflation figures, making it an ideal time to purchase real estate.