2013. Time to invest in Property?

1st term of the year has been a very busy time, and shown a firm revival of the sales on property in Malaga from investors.

I was really puzzled about this, as it seemed hardly compatible with the housing crisis.

So I decided to look outside of Spain to be able to understand what was going on. 

I found that BNP Parisbas Real Estate, part of the French bank, listed ten good reasons for investing in Spanish property today, in a new guide to investing in Spain, aimed at foreign investors.

The main reason they give is prices, which have fallen to their lowest level since the crash began, and now represent a “unique opportunity,” they argue. 


Prices have fallen faster than rents, driving up rental yields on prime property. Forecasting that prime property prices will recover within the next 5 years, they conclude this is the time to invest.
The other factors they mention include Spain’s structural reforms, infrastructure, strategic position as a gateway to Europe from Latin America and Africa, world-class corporations and a well-trained workforce.

Also, Price Waterhose Cooper (PwC) & Urban Land Institute  issued a  report ‘Tendencias del mercado inmobiliario europeo 2013’ . They suggest investors to be alert to opportunities that may arise in connection with the sale of repossed properties in Spain. 

They also recommend to keep an eye open for secondary Spanish cities´ opportunities, and find partners  that can provide valuable information about where the real bargains lie, what assets should be considered and which ones are to be avoided, and what properties are about to come out to the market.

So, I come to the conclusion that we're getting closer to find  points where supply and demand are balanced. Don´t you think so?

Javier Herrera Llamas