Spanish Prime Residential Insight September 2013 | Knight Frank
Spain’s prime residential markets are recovering with Mallorca, Ibiza and Barcelona leading the way. Kate Everett-Allen, International Residential Research, looks at the latest trends in Spain’s luxury homes market.
KEY FINDINGS
The new ‘golden visa’ is expected to attract a significant number of non-EU investors when it takes effect in 2014.
Mallorca, Ibiza and Barcelona are currently Spain’s strongest international housing markets.
The IMF cites evidence of improving economic indicators though Spain’s economy remains fragile.
Prices in some luxury markets are c.40% below their peak, anecdotal evidence points to rising buyer interest as prices hit new lows.
There are more buyers making more offers at the asking price than 12 months ago.
(This article features excerpts from the full report – please download it here)
