recuperation real estate market spain

The GDP growth will revive the Spanish real estate market

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The situation of the real estate market is really attractive: after five years of double-dip recession, Spain’s economy has stopped sinking, and in the third quarter of 2013 the country emerged from the recession (0.1%growth), and expanded 0.3 percent in the final three months of 2013: the fastest rate of quarterly growth in almost six years.

Rate of Quarterly GDP Growth 

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The Spanish government expects GDP to grow by about 0.7 percent this year, and for job growth to resume in the second or third quarter: the recovery in the housing sector in Spain hinges on an improvement in both variables.

 Spanish GDP Growth Meets Expectations in Q1
Spain’s economy improved 0.4 percent quarter-on-quarter in the first three months of 2014, meeting market expectations and reaching the highest growth rate in 6 years. 

Preliminary estimations expressed the GDP growth rate doubled from the 0.2 percent expansion seen in the fourth quarter of 2013. In the first three months of 2014, the GDP accelerated for the fifth consecutive quarter and marked a third straight quarter of economic expansion.

On a yearly basis, the economy rose 0.6 percent, up from a 0.2 percent contraction in the previous quarter, marking the strongest annual rise in three years. An improvement in domestic demand was enough to offset lower exports.

 Source: International Business Time

Datas research:

Golden Euroresidence VisasThe GDP growth will revive the Spanish real estate market

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