By Tara Rippin • 11 December 2018 • 12:12
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A REAL estate report predicts the ‘housing market boom’ will slow down from 2021.
Prepared by the Institut de Tecnologia de la Construccio de Catalunya (ITEC), the document suggests ‘housing promotion’ will have grown by 11 per cent by the end of this year, which is down on the 16.3 per cent growth experienced in 2017.
Researchers claim the ‘deceleration’ will continue until it drops by 3 per cent in 2021.
Josep Ramon Fontana, responsible for ITEC markets, said that at the moment there are no difficulties in the sector, which ‘enjoys a good flow of projects with the feeling of the companies very positive’.
But factors, such as a ‘slow down’ in the construction of property, the longevity of financial investors will have an impact.
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Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.
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