Rock Bottom property prices in Spain, according to the IMF
The IMF believes it has put in place measures to stimulate the sector recovery, therefore eradicating previous irregular growth in the market.
According to the FMI reports, apartment and house prices cannot fall any further because they have now hit rock bottom. This information is corroborated by numerous property portals and analysts.
The FMI report states that due to the property bubble, the Spanish Real Estate market has some of the lowest prices compared with other countries. Denmark, Netherlands and Ireland, are in a similar position.
This international institution believes that measures have been correctly implemented to stimulate the Real Estate sector recovery, and these have prevented the unpredictable nature of the market seen in previous years. For this reason the IMF is planning to go further and suggests gradually cutting out mortgage discounts.
Spain is emerging from the crisis, or at least improving its financial standing as long as the CIS barometer continues to show that the number of Spaniards wishing to purchase property is increasing.
This information shows that prospective home buyers have a great opportunity to get a property at a very low price, and only have to search for apartments, houses or villas that meets their needs.
Andalucia Realty encourages those who have plans or the intention to buy a house to have a look at their available properties, since Now is the Time to Buy as property prices have already started to go up .