{"id":309216,"date":"2018-01-25T12:10:40","date_gmt":"2018-01-25T09:10:40","guid":{"rendered":"https:\/\/deniz-estate.com\/?p=309216"},"modified":"2024-12-24T00:05:15","modified_gmt":"2024-12-23T21:05:15","slug":"srednyaya-cena-roskoshnogo-zhilya-v-ispanii-vyrosla-na-6-v-2017-godu","status":"publish","type":"post","link":"https:\/\/deniz-estate.com\/en\/blog\/investors\/srednyaya-cena-roskoshnogo-zhilya-v-ispanii-vyrosla-na-6-v-2017-godu\/","title":{"rendered":"Average price of luxury property in Spain rose by 6% in 2017"},"content":{"rendered":"

<\/p>\n

The average price of luxury property in Spain<\/a> increased by 6% year-on-year at the end of 2017, to an average of \u20ac6,600 per square metre. Despite the paralysing effect of the Catalan independence struggle in the region until mid-November.<\/p>\n

In large cities such as Madrid, Barcelona, Seville, Valencia or Alicante, as well as in regions with a large tourist flow, such as the Andalusian Costa del Sol, the Valencian coast, the Catalan Costa Brava, the Balearic Islands and the Canary Islands, price increases were above 12% year-on-year. With values above 10,000 euros per square metre.<\/p>\n

In this sense, the average time to sell luxury real estate<\/a> during 2017 was 5.5 months across the country (6 months in the second half of the year). And only 2 months in areas of greatest tourist demand (2.5 months in the second half of the year).<\/p>\n

By nationality, the French were the fastest buyers of luxury properties. On average, 2.5 months and 4 visits to the home. Next came the British (3.5 months and 6 visits). The Belgians (4 months and 5 visits). And the Germans (6 months and 6 visits).<\/p>\n

Meanwhile, the Spanish and Italians needed an average of 7 months and 8 to 9 visits to make a final decision on buying a property. The Chinese again increased the home buying process. With an average period of 8.5 months and an average of 14 visits.<\/p>\n

In terms of financing, Spanish luxury home buyers required 42% financing to complete their purchase. The French required less financing (15-18%), followed by the British and Belgians (20-23%). While the Germans and Italians required more financing to close a real estate transaction (25-40%).<\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

The average price of luxury property in Spain increased by 6% year-on-year at the end of 2017, to an average of \u20ac6,600 per square metre. Despite the paralysing effect of the Catalan independence struggle in the region until mid-November. 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