In recent months, Zaragoza has placed itself as a benchmark in the recovery of Spain's property sector. Besides Barcelona, Madrid, and coastal towns, the capital of the Autonomous Community of Aragon offers some excellent advantages when buying a property. In this article, we are going to give you seven top reasons why you should not miss the opportunity offered by the property market in this place.
1. The price of resale homes rises rapidly
The last time house prices fell was back in 2015. Compared to the previous twelve months, they fell by 1.6%. From there, growth has become extremely steep in the capital of Aragon. In fact, during the year 2017, prices rose by around 5%, a figure that is expected to be repeated in 2018. Specifically, the forecasts suggest that the increase in property prices will be 5.6%. Therefore, any financial expert would advise you to take advantage of the upward market situation and buy a home now.
2. The price of land is relatively cheap
At this moment in time, the price per square metre for land in Aragón is €1,255. If the prospects are fulfilled, this figure will reach €1,325 by the end of the year. However, it is a considerably low figure compared to the other large Spanish cities. This means that the growth margin is greater and, therefore, the future benefits that can be gained from such investment will be much higher.