Time to buy in Spain

I

t now appears that home prices have reached a very low price level or at least according to the most important statistics. And that is not all, as the Government also believes that the sector will stabilise in the “near” future,

which could take place before end of 2011, when the deduction for habitual residence purchases is to be abolished, a measure which will bring about a hidden increase of 8% in average home prices, according to calculations by economists. Therefore, and bearing in mind that buying a home is the biggest investment that most people make in their lives, is it worth buying now, while you can still take advantage of the deduction.

Add comment

Name (required)

E-mail (required, but will not display)

Website

Notify me of follow-up comments

Refresh

Send

Cancel