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Why Spain Realtors advise to purchase luxury real estate in 2017
Lucas Fox International Properties real estate agency experts published their own annual report, where they share the results of the last year and forecasts for the current. According to their findings, in 2017, the Spanish real estate market will be "heating up", as the economy of the country releases from the effects of the Great Recession - investors from all over the world have seen the advantages of Spanish property, as well as opportunities to the augmentation of the invested funds.
According to the aforesaid report, in 2016, the Agency experts recorded the "explosive" increase in the number of purchases of luxury facilities - on the scale of the agency the Europeans, the United States and China citizens along with clients from the Middle East bought 65% of the objects from "luxury" segment. It is expected that such investments will be completely paid off because today Spain almost released from the effects of the crisis of 2008 and shows the strong potential rental income as a tourist destination.
The fact that in 2016 about 75 million tourists visited Spain, which is a record for a country – proves its potential and the investors understand that purchasing now is more suitable than when the growth of the economy "overtake" the crisis. Spanish economy increased by 3.2% which is more than promising even in the European Union.
According to statistics for 2016, almost 404,000 deals had been made, the growth made up 14% comparing to 2015. It is expected that in 2017, the tendency to "tense" investor interest will continue.

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