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You are at:Home»The science»Is it worth buying real estate in Spain

Is it worth buying real estate in Spain

January 28, 2019

Today, many compatriots began to consider the option with the purchase of real estate in Spain. This has become much more accessible thanks to the world economic crisis, due to which there are much more proposals from financial institutions in the Spanish real estate market, since many real estate objects were accepted by banks as a result of the insolvency of borrowers. To remove losses from non -return of loans, financial institutions began to actively offer real estate formed earlier in a mortgage. This is what is the answer to the question – how profitable to buy real estate in Spain. Due to a sharp increase in offers in the real estate market, a sharp decline in the market price occurred, due to which it became profitable to invest in Spanish real estate. So, some banks put hundreds of villas on the Mediterranean coast, which in turn reduced the market value by eighty percent. One square meter of such real estate began to cost six hundred and fifty euros, and the real cost previously amounted to two thousand euros. Real estate agencies in Spain began to complain that financial structures, realizing the collateral, are so knocking down the price of real estate that it is simply impossible for them to compete. Quite often, situations began to meet when the realtors find the client, offer him a certain object for viewing, which suits all his preferences, but he, having arrived in Spain and seeing advertising proposals, is not going to cooperate further, because the cost is very seriously. But there are certain disadvantages in this, because the previous owners of housing very often, leaving it, literally export everything, including plumbing, doors, elements of the decoration of premises and other necessary objects.

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