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
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.
Source: International Business Time
Datas research: www.ine.es