Spanish property prices rise steadily

The latest data from the Association of Spanish Notaries shows that property prices are rising across Spain.

The figures show that Spanish property prices grew by 2.4 per cent in the 12 months to September 2017, bringing the average square metre price of property in the country to 1,331 euros.

During this 12-month period, prices of detached homes increased by 1.4 per cent and apartments by 3.8 per cent.

Not only are property prices rising, but so too are the number of sales made – particularly of older, existing property. The recently released data shows that the number of sales recorded in Spain grew by 8.6 per cent over the last year. Sales of apartments were up by 7.7 per cent, while detached property sales were by 12 per cent. However, new build sales fell by 1.9 per cent in this period.

“The price data published in November was the most positive in more than a decade,” said Mark Stucklin of Spanish Property Insight. “If the current cycle performs like the past, we can expect several years of rising Spanish property prices ahead of us.”

Article published 11th December 2017