Your advice also to buy a house is more of a commercial. Outside the 3 big cities Madrid, Barcelona and Malaga there is no reason to rush and panic. The supply outside the three is overwhelming. In this time I see the price of owner-occupied houses in Spain going down sooner. Especially in the expad and retired market I see the bubble burst. The British have to sell now. There is enough supply and the prices are too high. So people have patience to buy a house in Spain.
First of all, there is no bubble in Spain. Prices have been consistently and gradually increasing for the past 40 quarters in a row, and according to all experts, will keep increasing. Additionally, I clearly advise purchasing new development properties as soon as possible because there is a scarcity of new homes, the supply is very far from satisfying the demand. They are properties that will keep gaining value, it is the market rule: high demand / low offer = prices go up. If we talk about second-hand properties, of course there is a large supply but what type of properties? Where? How many people want to buy in a village in the middle of nowhere or in a poor suburb of a city? And according to the data, the price of second-hand properties is the one increasing the most. My videos are aimed at foreigners so of course I focus on the areas where foreigners buy the most. And everything I say is based on market data and predictions made by experts. Of course, anyone is invited to do their own research and make their own choices. I am just trying to inform and help people based on the data of the sector. If you are in possession of different data that supports what you say, I will be more than happy to look at it. Please, send it to me and I'll be happy to check. Thank you.
Thank you!. Have a look at these two links, hope they can be helpful: www.indomio.es/en/mercado-inmobiliario/principado-de-asturias/oviedo/ , www.indomio.es/en/mercado-inmobiliario/principado-de-asturias/
