News: Moody's: Prices to rise 4,7%
This week's round-up of Spanish real estate news tells us that the International rating agency Moody's has forecasted that from 2017 to 2019 we will see an average annual price increase in Spanish house prices of 4,7%.
Moody's forecast would give a nice boost to the estimated annual average yield of 8,8% on real estate that we discussed last week. In that analysis, the average rise in property prices was estimated to 2%.
The government is also pleased with the current developments. The Secretary of state for Budgets and Expenditure, Alberto Nadal says the rebound of the real estate and construction sectors is faster than they have expected. Speaking at the SIMA conference in Madrid Nadal also commented that Spain's economy is expected to grow faster this than the official forecast of 2,7%. Independent forecasts put currently the growth estimate at around 3%.
Source: Disponibilidad Database