Portugal’s Prime Minister has announced a huge investment to gentrify the country’s historic city centres, to encourage the middle classes back to the city and make renting more affordable.
Latest reports suggest that the current demand for housing in Spain will continue rising by around 10% throughout 2016, stimulating further growth in house prices throughout the year.
For the past few years, the French property market has been fairly stagnant, with little to no movement in the average house price. This has not been particularly great for the sellers across the country, but for buyers from overseas, holidaymakers and expats alike, it presented a great opportunity – forming what can only be described as a buyers’ market.
There has been positive news for the French property market this week, as renewed market stability and improved buyer confidence has helped to entice would-be overseas buyers back to the country.
The property market in Spain saw an improvement at the end of 2015, although this was patchy, with some areas faring better than others. Since the beginning of 2016, the market has had ups and downs, with a drop in sales in January, but a rebound in February, and a very strong comeback in Madrid and Barcelona with high end property selling well.
Many holiday home buyers factor into their calculations the likely income from renting out the property when they’re not using it, but are not aware that you need the correct licence to do so. That’s an increasingly dangerous game in Spain, as local authorities – in an effort to protect hotels and other official tourist accommodation providers – go to war against private individuals offering holiday rental.
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