propertysotogrande.es

Amid the current global uncertainty – both economically and geopolitically – it is understandable that you may be wondering what the picture is presently looking like for the prices of houses, apartments, and villas for sale in Sotogrande or other parts of Spain. And there’s no doubt that the picture has become more complicated in many ways, in a relatively short space of time. As recently as the summer just gone, a strategy report and property-market forecast for 2022 and 2023 from the Spanish financial services company Bankinter was still estimating that Spanish property prices would go up by 1% during 2022, and rise by a further 1% next year. This compares to the 6.4% increase that was recorded for 2021. More recently, however, the same source has modified its outlook, suggesting that 2023 will actually see a 3% decline in property prices across Spain. The market is also expected to fall by 2% during the year after that, compared to a previous forecast of 0%. There is a diffe...