Spanish property prices rose 3.8 percent in the first quarter of 2018
A leading property valuation company this week released a summary of property price changes in Spain during the first quarter of 2018, reporting that on average, market values were 3.8 per cent higher than the same period in 2017.
This has resulted in prices recovering by as much as 7.2 percent since the average price reached 2015 levels.
The most dynamic regions in terms of market value over the last 12 months were Madrid, with a 15.5% increase, Navarre (12.1%) and the Balearic Islands (10.5%), as well as Palma de Mallorca, where prices increased by 14.7%.
At the other end of the scale, Extremadura, Castilla-La Mancha and Galicia saw minimal declines, but in most of the remaining autonomous communities the increase was close to the national average, and this was the case in the Region of Murcia. In the Costa Cálida, the average market price per square metre of residential property was estimated at €932, after an annual increase of 3.5 per cent, while in the regional capital the figure rose by 5.1 per cent to €1,060.
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