Spanish Property Market Hopeful On New Government Stimulus Package

Published: 9th September 2013

Following on from the recent elections, experts in the Spanish property sector are hopeful that the new government will work quickly towards introducing new stimulus packages for property and tourism industries. Experts believe that new packages reducing taxes for the housing sector will provide a much needed boost for the Spanish property market.

Following on from the recent success of the new stimulus package in the Balearic islands for tourism, many now feel that the sensible option would be to extend this on a national level. Whilst Spain still has a relatively strong tourism industry, many feel that federal intervention would provide a much-needed boost to the tourism and property industries.

Many feel that the previous administration did not work quickly enough towards rectifying problems in the Spanish property market, which in previous years has been a major employer in the Spanish jobs market. We youth unemployment in Spain currently running at more than 40%, many see the property sector as being integral to solving the current Spanish economic problems.

Back to News