The Bank, BBVA, has released statistics that says Spain’s GDP will increase 3.2% this year.
Key factors of these positive predictions are:
- solid internal demand
- low inflation
- steady petrol prices
- easier financing conditions
- a continuing national stability in spite of the crisis in Greece
It is the domestic demand that is currently driving growth – a great sign for the inherent repair of the country after some hard years for Spanish Nationals, post 2007. In fact, we expect to see one million jobs created within the country between now and 2016.
The European commission has released a still encouraging, yet more cautious, y-o-y GDP increase of 2.3% for 2015 and 2.5% for 2016. When compared to the 1.3% forecast for the Eurozone as a whole, the significance of Spain’s path to recovery is clearly evident.
Spanish Properties Marbella is expectant that Spain is to experience the biggest growth in euro-zone.
Spain’s figures are actually on a par with those of the UK and Sweden who are often considered as regions more likely to prosper.
Marbella is currently experiencing one of the busiest summers of recent memory, so these confident figures come as no surprise. August has seen a volume of cars on the roads that has not been witnessed since the highs of the early 2000’s. Bars and restaurants are bustling and the “A-List” area of Puerto Banús has been jam-packed 7-days a week. It is clear that Marbella is once again a destination of choice for all nationalities including the domestic Spanish market and international visitors from England, Norway, Sweden and Russia.
Spanish Properties Marbella expects this local activity to translate into great year-end figures that will set a strong direction of success for 2016.
For more information on how to make the most of this expanding economy and the burgeoning property market, please contact us directly. We are happy to discuss opportunities without obligation.
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