SPAIN: The housing will rise by 2.5% between 2015 and 2016, according to S & P – EntornoInteligente

SPAIN: The housing will rise by 2.5% between 2015 and 2016, according to S & P b> / Cinco Dias / The Credit rating agency Standard & amp; Poor’s (S & P) provides that the price of housing in Spain rise 2.5% this year and next, and accelerate to 4% in 2017, driven by economic recovery, gaining strength, and low interest rates.

If this trend is confirmed, housing prices would rise again in Spain, after years of decline following the bursting of the housing bubble.

According to data from S & ; P, the downward streak was broken in 2014, when prices were stable

The improvement of economic conditions and low mortgage rates also push up prices in other European countries..

In fact, within the euro zone, real estate prices this year recorded its biggest rise in Ireland, an increase of 9%, followed by Germany (5%), Portugal (4%) and the Netherlands (3%).

The markets of Ireland and the Netherlands, who were among the hardest hit by the crisis, keep this trend in 2016, with average increases of 5% and 3 5%.

As in Spain, prices in Italy also put an end to their downward trend this year, but did not record any increase but will remain stable.

Only the French and Belgian markets recorded price declines this year, 3% and 2%, respectively. In the case of Belgium, the decline will continue in 2016.

Outside the euro area, the agency expected that UK prices continue to grow strongly this year, namely 7%, although slower pace than in 2014 (10%).

It is possible that the Bank of England to raise interest rates this year and curb increases in coming years, up to 5% in 2016 and 2, 5% by 2017.

In the case of Switzerland, the housing prices will experience a soft takeoff, an increase of 1.5% this year after 0.1% in 2014

Information Cinco Dias

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