The latest Spanish property figures released by property valuation firm Tinsa reveal that house prices in Spain have risen 14.7 per cent since the market bottomed out in 2015.
However, average prices are still 33 per cent lower than they were at the market’s peak in late 2007.
According to the Tinsa data, property prices in Spain rose 2.6 per cent in 2019, taking the average price of a home to 1,373 euros per square metre.
However, not all areas of Spain are flourishing – with the markets in the north and north-western regions, in particular, still struggling to recover from the downturns seen in the early part of the last decade.
Tinsa said the largest fall in property prices last year was recorded in the region of Asturias, located in north-west Spain, where values fell by 3.9 per cent over the year.
The biggest price rise was recorded in La Rioja, (9.7 per cent).
In terms of the 50 Spanish provinces, the figures show that 13 recorded price falls in 2019, the sharpest of them seen in Ciudad Real in central Spain (-8.4 per cent). The highest provincial rise was recorded in Huesca in north-east Spain where prices rose by 10.7 per cent.
Article published 8th January 2019