Ciudad Quesada Apartments for Sale
Should I buy or rent property in Spain?
With the advent of the crisis and the bursting of the housing bubble, many saw the rent as a real alternative to the mortgage. Now that the recovery is watched, is it worth buying?
Spain, traditionally a country predisposed to buying. It has always been thought that renting is "throwing money". For this reason, most have chosen to invest the savings in buying property, especially if there was not much difference between mortgages and monthly income.
Which one is the best option?
Neither, it all depends on the needs and personal circumstances and the situation in the housing market at a given time.
We must take into account both a vacation as a mortgage means having a significant amount of cash. In the case of rent for the deposit and the first expenses, and mortgage for the amount not funded constitution and payments.
It is also important to ask how long we will live in the property and analyse what the labour and economic prospects for the future are.
Average rental price
The average price of rental housing in Spain rose 3.1% in the first quarter of the year, which placed the price, to March 2016, 7.24 euros per square meter per month.
In 2015 and it began to increase the rent after eight years of widespread falls. And in the first quarter of this year (2016) a total of 11 autonomous communities have been able to appreciate the increase.
Average price of housing
The average house price in March 2016 stood at 1,628 euros per square meter. According to INE, in April a total of 23,607 mortgages were signed with an average amount of 108,354 euros, an increase of 24.6% compared to the same month of 2015.
Petra Hönig is a real estate agency in Ciudad Quesada which offers you apartments for sale.
Petra Honig is an independent, professional firm with a positive attitude, covering all aspects of residential property sales, through a business which is built on energy, agility, professionalism and knowledge.
With more than Fifteen years' experience in the Costa Blanca property market and over 23 years property sale experience in the UK, German and Spanish property sectors, Petra Honig Inmobiliaria has a successful proven track record with a multi office network with 3 offices located on the Costa Blanca South in Quesada, Villamartin (Orihuela Costa) and Guardamar.
Browse our catalogue of properties in this website, and contact us if you see any that catches your eye.