It’s not just the
The TINSA 2018 second quarter report predicts a national interannual price rise of 6.6% but there are significant variations
The average price in Spain * stands at € 1,328 / m2 and has grown b 10.9% since the first quarter of 2015.
House Price revovery continues
Despite everything, housing remains at 35.2% below the 2007 level. Madrid’s capital has been revalued by 41.8% and Barcelona by 48.8% since its minimum prices touched in the crisis.
The finished housing (new and used) in Madrid is 18.9% more than a year ago and stands out with the largest interannual increase among the capitals in the second quarter, followed by Malaga (+ 15.8%) and Palma de Mallorca (+ 12.9%). They also recorded increases of over 6% in the last 12 months Pamplona *, Valencia, Castellón, Logroño, Valladolid, Granada, León, Huelva and Bilbao.
Big regional variation in the evolution of the propert market.
Prices are still falling in Galicia, Extramadura and Castille La Mancha. These areas have considerably less foreign demand and two are away from the coast. regarded as less desirable places to live by foreigners.
The biggest price rises are seen in the Madrid and the Balearic Islands.
Immigration pushing up house prices
Spain has seen a return to an increase in net migration into the country. Consistent with the property price rises, it seems that immigration housing demand is pushing up prices and this correlates
Property prices in all the Mediterranean communities have risen and are expected to continue rising for the next period and beyond.