Well, a good time to reinvest in the Spanish Property Market? You maybe for that dream Spanish holiday home. If buying a holiday home abroad was inviting, it will become even more attractive after March when second properties bought in the UK will attract a higher rate of stamp duty.
The British housing market has evidence suggesting that the biggest bargains for properties are overseas. New analysis points towards southern and eastern Europe as offering the cheapest property – including popular holiday home markets of Italy, Portugal and Spain.
These are among the most undervalued housing markets in the world, according a key benchmark by the Organisation for Economic Development, which measures property prices in relation to local income.
A Good Time To Reinvest In The Spanish Property Market? The OECD research, which has been flowing the data for over a decade, checking local prices against the average wages and then looks at this against the long-term average.
Around100 would be in line with that average at 110, local property
The UK is overpriced by 7%, according to the data for the The Organisation for Economic Co-operation and Development. In Sweden, which is also battling a housing shortage, property is 114% overvalued.
So the long-term measure of value is not an indication on its own of where property prices are likely to go – especially in the short term.
Britain is 7% overpriced, according to the data. In Sweden, which is also battling a lack of properties for sale this has caused a housing shortage, so property are 114% overvalued.
Moreover, the long-term measure of value is not an indication on its own of where property prices are likely to go – especially in the short term.
Furthermore, now both Britain & Sweden have demonstrated, a shortage for the supply of homes this could mean property prices will rise even more where they are already “overpriced”.
A Good Time To Reinvest in The Spanish Property Market