Trends in the real estate market in Spain

Spanish property market is being left out of the global financial crisis. Today we can state that during the growth of Spanish real estate market is over, and there was a phase of stagnation. This trend has changed nearly 15-year cycle, when the market showed strong growth in prices, which, in turn, is supported by the economic development of the country and the growth of living standards. In 2007, the situation has changed. From this point on with the real estate market is practically gone European buyers and the local population significantly reduced the buying activity. As a result, the market "froze". Many sellers of real estate began to experience serious difficulties with financing, and were forced to abandon old ambitious plans, starting to fight for the buyer. In the course went different ways, ranging from lower prices on their sites and ending with a large-scale access to new markets, including Russia. However, despite the current difficult situation, the Spanish property market is still attractive to the Russians. Analysts Miel Distant Property Management noted the following advantages: 1) Spain - European countries, where a convenient transport infrastructure, connecting every corner of Spain with the world. This country has a rich culture and traditions, a unique local color, and the coast offers a wide range of climatic zones. 2) Today in the Spanish market you can buy quality real estate is cheaper than in recent years, and the favorite object to really get a good discount, which would be enough not only for the purchase of furniture, but also for the purchase of a car. It should be noted that the number again is building a property in Spain decreases with each passing month, so the buyer has a great opportunity to choose a quality facility in the liquidity position, which later will justify the investment. 3) Buying Spanish property carries a minimum risk to the buyer. In Spain there is a clear and detailed legislation, which regulates all aspects of real estate transactions, and protects the rights of most participants in the transaction. Spanish banks offer very interesting conditions for financing the purchase, to date rate of 3.6% per annum. Based on data from investment grade companies Miel Distant Property Management, the rating for Spain is «BI». Index «B» on a scale of investment potential and «I» on a scale of risk characteristic property market in Spain as attractive. As noted by the CEO Miel DPM Natalia Zavalishin: "The investment potential of the property market in Spain by macroeconomic factors comparable with the potential of the Russian market, and even slightly exceed it. The level of risk when investing in real estate market in Spain is assessed as low, while the estimate of possible losses does not exceed 10% of the amount invested, which is significantly below the level of risk in the Russian market. " Table ratings DPMR: Help Country: Company Profile: Distant Property Management - one of the activities of the holding "Miel". Underlying this trend is investment advice on the acquisition and effective use of real estate abroad and in Russia's regions. The idea of ​​the project originated in the DPM August 2007. Within six months was conducted to develop a set of services included in the DPM. During this time, studies were carried out real-estate markets of foreign countries and regions of Russia, established relations with foreign partners and develop a portfolio of services to DPM. In February 2008 the project became a separate area of ​​DPM holding "Miel". Thus, expanded the range of the Holding of intellectual services. Currently, DPM includes the following set: investment advice, brokerage, management of facilities.