First primary market predictions have appeared in Spain. They indicate possible falling of apartment and house prices. Spanish Home Builders Association is of the opinion that possible price correction will be accidental and temporary. Bargain prices of selected properties are of course the result of COVID-19 crisis. Expected price dropping is aimed at calming down the market and attracting customers through the expected correction.
The Home Builders Association emphasizes that the number of queries coming from foreign customers (investors) is going back to normal and is at the moment merely 20% lower than before COVID-19. The growing tendency means an increase in the number of investors looking for a cheaper price.
Have a look at interesting “after-Covid” offers I found for you: