Given the current situation, is it worth buying a property in Spain at the moment?
This question is frequently asked by our clients and although we cannot predict the future, what we might see (according to some observers) is a steady increase in property prices in some areas of Spain. For example, in the Baleares, the annual rise as per January 2023 has been almost 9% and it may be that prices here remain more stable than elsewhere.
Another important factor to consider is that, in an historical context, current rates are still relatively low. With inflation on the rise, it was to be expected that interest rates would follow. If you would like more information on the evolution of Euribor since 1999, have a look at this interesting chart: https://www.euribor-rates.eu/es/graficos-del-euribor/