US EditionShould I Buy a Property in Spain Now Before It Gets Too Expensive?
4 Articles
4 Articles
Svenska Dagbladet
Dagens Nyheter.Many Swedes dream of a holiday home in Spain, but prices are rising steadily. In one year, they have increased by up to 20 percent, according to the Bjurfors brokerage. “Anyone who expects a price drop risks being disappointed,” says acting CEO Irja Amolin.
Should I buy a property in Spain now before it gets too expensive?
Spaniards have 'property fever' currently; they're buying at record rates in part because they fear that if they wait any longer they won't be able to afford a home. So is it better to jump on the bandwagon and buy or wait for another moment?
Kamil Walenciej bought his first properties in Spain over 10 years ago, right after the financial crisis, when he was just under 26 years old and on a tight budget. He chose the lowest-priced properties, priced between €25,000 and €30,000, earning a 50% annual rental rate. He tells Forbes how he got started, how he weathered recent crises unscathed, and why many Poles who buy apartments and houses in Spain are being ripped off.
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- 67% of the sources lean Right
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