Keep an eye on European trends, say EU Property Solutions

By on October 11th, 2017

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The news is our first port of call for information about what is going on around us.

Despite vast amounts of news being produced on a global scale every day, many of us are inclined to only pay attention to the stuff that is happening near us and will have a direct impact on our lives. We are advising to keep yourself in the know when it comes to European trends.

This all changes if you purchase a property abroad though.

If you own or have a mortgage on a house in a European country like Spain, Greece or Portugal, you’ll need to be sure that you are keeping up to date with everything that is going on in these locations as it could potentially be impacting on your property or finances at some point down the line.

In case you missed some of the big property trends where your holiday home is, we’ve rounded up some examples of what’s going on now so you can be sure you remain in the loop regarding your property abroad.

Residential property sales in Spain are increasing 

Spain’s economy is the fastest growing within the Eurozone, which is good news if you are looking to sell your Spanish holiday home. The value of property in sunny Spain also increased during the first six months of 2017, so if you do sell you may be able to pocket a healthy amount of money back.

House prices in Italy should stabilize soon

Italy is still in the process of working its way out of a significant financial crisis, but it looks as though property prices should be at a steady level by next year. This is good news for anyone who is fearful that they may be left in negative equity.

The luxury housing market in France is on the rise

France boasts the title of the most visited country in the world, with an astounding 82 million tourists passing through every single year. There are also reports that the French real estate market is on the rise, with an increase in interest from both commercial and domestic buyers. The luxury market is said to be experiencing the most activity, with properties priced within the region of $2 million – $4 million seeing the most interest from buyers.

Property prices in France are rising

The central German city of Frankfurt has seen residents from outside the country moving in, which has resulted in more construction activity. Despite more properties being built, there is still a gap between supply and demand, which has resulted in a rise in property prices.

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