Property prices in Spain continue to rise in August
A recent report from the valuation, analysis and real estate agency Tinsa showed that the increase in house prices in Spain continued throughout August. Over the last twelve months, the overall index has increased by 5.6%, which is 11.6% higher than during the market crash in February 2015.
Property prices rose by 18.9% in the Balearic and Canary Islands, while Mediterranean coastal areas rose by 14.8%. In metropolitan areas, figures rose by 9.2%, with the smallest improvement seen in "other municipalities" at 2.6%.
The annual rates in the August assessment accelerated at the sharpest pace in regional capitals and other large cities at 9.8%, followed by 9.2% in the Balearic and Canary Islands and 4.8% and 2.4% for the Mediterranean coastal areas and metropolitan areas, respectively.
Given that the recent trends have been slow but steady growth over the past two years, it is not expected to reverse anytime soon.
Related articles
Book a consultation with a real estate expert abroad
our profession reminds me of the job of a "personal assistant", a kind of coordinator or guide in a new country, who helps a person avoid hundreds of headaches. In our case, related to buying real estate.
That is why people buy apartments with us, rent them out, get loans from banks or apply for a residence permit, even furnish apartments and send their children to school.
And most importantly, our clients recommend us to their friends, and trust is worth a lot. Come and visit us!