Spanish property market strongest in Europe in 2018
Eurostat data shows that Spain is one of the most popular destinations for overseas property investment in Europe.
Property prices in Spain are forecast to grow by 6.7% in 2018, compared to the rest of the eurozone's forecast of 4.6%. Indeed, the Spanish property market grew much faster than the rest of the eurozone in 2017, with house prices increasing by 5% over the course of the year.
What makes Spain such a strong property market is that it is very stable. In comparison, say, property prices in the Czech Republic rose by 12.3% in 2017, but that may not be sustainable in the long term. Portugal and Ireland both saw double-digit growth in 2017, but they are very volatile property markets, with prices constantly going up and down. Countries comparable to Spain are Germany and the Netherlands, which have very healthy economies like Spain and a rapidly growing property market.
All Spanish regions along the Mediterranean coast have performed well in recent times, with property prices rising by an average of 3-5%. This is despite coastal properties being cheaper in winter than in peak tourist season.
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