Property prices to rise by more than 10 percent in Alicante and Barcelona
Property valuation firm Tinsa has concluded that the average house price in Spain in the first quarter of 2017 was 1.8% higher than the year before. On average, house prices rose in Catalonia by 7.5% compared to the first quarter of 2016, in Madrid by 6.6% and in the Canary Islands by 5.3%. As for the provincial cities, in Barcelona prices rose by 12.1% and in Alicante by 11.7%. However, there are various parts of Spain where prices are still falling. Namely, in Murcia and Navarre house prices fell by 5%. Despite this review by Tinsa, it can be said that the overall picture is one of stability in the property market, as there is still a lot of unsold property in Spain.
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