|August 6, 2015||No Comments|
ESE business school reported with great excitement, that house prices in Spain have gone up 0.7%. This is the first increase and positive development we have seen in the real estate sector since 2010. Property owners and investment funds felt a sense of relief when receiving the good news, although authorities warn that the positive shift in the market does not necessarily represent a new and prosperous beginning but rather a sign of control.
Spain has lately been postulating that they are moving out of the recession and market regulations will help accelerate their entry to the ‘wealthy community’. This might be true as unemployment is decreasing and foreign investments keep coming in, but they are still facing severe gaps in the government structure which have decelerated Spain’s process of recovering. The Spanish market might, once again, be the hottest place in Europe to invest. Despite business confidence being one of the lowest in the modern world, companies are still targeting the Spanish infrastructure as they hope to see Barcelona become the next capital for trade in the EU.