Resurgence of the European property markets
One of the most positive recoveries after the economic slump has been the European real estate market. The impressive peaks of activity in the mid to late 2000s were in stark contrast to the recession-led impact of influential variables.
The impact of overseas economic growth on property investment
Spain, for example, has seen an increase of both national and international investors in the property market, which is rising in line with consumer and business activity. Although unemployment is still sitting at just over 19 per cent in Madrid alone, the number of new service contracts is having an incredibly positive impact on both micro and macro economies.
In terms of tourist markets, the hotel industry has been showing steady growth since 2013, when regulation advances focused on the development and quality of private residential tourist lettings. The regulation of hostels – following a successful implementation in Catalonia – sees Madrid leading the way to a more investment-friendly totality of environment. Indeed, firmly established property investment firms such as Pierre & Vacances Property Investment are in a position now to allow their clients to take advantage of this surge in opportunity.
Growth in the overseas property investment market
The growth cycle of real estate investment volume, again specifically in Madrid, kick-started in 2013 when opportunistic funding availabilities encouraged both national and international investment in the Spanish market. Indeed, given the regional government’s receptive attitude towards retail development and the healthy new approach to all investment, 2015 is predicted to be another successful year of growth.
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