In 2018, property prices in Spain will increase by 10%, and sales by 20%

Property price growth is expected to be more than 10% in 2017, while sales volumes are expected to increase by 20%. The study shows that the expectation that prices will continue to rise explains the demand for property investment.

It is predicted that many people living in rental properties will change their current home to their own due to the lower requirements of the bank to provide mortgages. Due to the rise in prices in Madrid and Barcelona, the greatest price increases this year will be recorded in the outskirts of both cities, in cities such as Valencia, Malaga or Alicante. Therefore, the price of real estate in Valencia could increase by up to 15% at the beginning of the year.

For its part, the Barcelona real estate market was held back by political uncertainty at the end of last year. As a result, housing prices fell by 2% in the last quarter of 2017. This slowed the growth of 20% compared to the previous quarter, increasing the value of real estate by 14%. This year, the growth of housing prices in Barcelona is predicted to be 5%.