The price of housing in Spain increases by 4.7% in August
Despite the rise in prices in recent years, the average amount is still 39.4% lower than the highs recorded in 2007, in the middle of the housing bubble.
The housing market in Spain continues to recover, after a decade in decline from historical highs. According to the last statistic of the appraiser Tinsa, corresponding to the month of August, the average price of the house stands at 1,384 euros per square meter, 4.7% more than a year ago, reaching levels at the end of 2013.
The real estate market in the Mediterranean keeps gaining value.
So far this year, properties located on the Mediterranean coast have revalued by 4.6%. The metropolitan areas, for their part, have risen by 3.3%.
Since January, prices in major cities rose 4.2%, still far from the historical highs, down 41.7%, according to the appraiser's study. Globally, housing is 39.4% cheaper than during the peak of the market that took place in mid-2007, when the average price of the square meter in Spain stood at 2,274 euros, rising to 2,430 in the case of large cities.
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Petra Hönig, property for sale in Pueblo Bravo, Quesada.
Are you looking for properties in the Costa Blanca? After years of experience in estate agency we have created something very different from the rest. Our service to you, our valued client, will be nothing short of first class. Our continuing aim is to treat both potential buyers and sellers the way we would like to be treated ourselves.
Browse our list of properties in the most desirable areas of the Costa Blanca. From Apartments to exclusive bungalows, villas, quads, detached villas and much more. Contact us if you see anything that catch your eye.14 Sep 2017