Thursday, 22 May 2014

Trends on residential property prices per square meter in Spain


TINSA is one of Spains largest valuation companies and each month they publish, based on a small sample, the average price per square meter being paid in Spain for residential property.

Becasue the information dates back many years whilst the ifnromation is not specific it does give those buying in Spain a good idea of the price trends over a long period in time.

What is the current trend for Spanish Property

Since the years of 2007 property prices have fallen each consecutive month and on a year on year basis. This was against significant rises in Real Estate  prices from around the year 2000.

In 2004 prices rose across all of spain by 16% from 2002 and continued to climb until the end of 2007.

Since 2007 prices on property in Spain have fallen by over 35% and as much as 50% in some areas.

Data published for April 2014 seems to indicate the rate at which property prices are falling is slowing considerably.

Is there a difference between areas

Even within Cities and regions average prices can vary considerable based on location and housing supply. The TINSA report does not highlight hotspots this information can opnly be obtained by talking to Agnets, Lawyers in Spain and other parties on the ground in the area of interest.

Read the full article : Real Estate prices in Spain for April 2014

No comments:

Post a Comment