Prime property prices in Madrid increased by 8.1% in 2018 and are now 46% above the low point in 2012, according to the latest industry report.
Confidence in the Spanish property market stuttered in October 2018 but is now returning with figures for the first three months of 2019 showing that prices and sales are rising again.
Rents in European cities for studios, apartments and rooms are continuing to rise but the growth is beginning to slow, with levels down in the first quarter of 2019, the latest index shows.
Spain’s coastal locations are attracting increasing numbers of mid to high-end foreign buyers as the second home market goes from strength to strength at the start of 2019, new research shows.
Overseas buyers in Spain are becoming more diverse but overall the number did not increase in the final quarter of 2018, new research shows.
Although the property market in Spain continued to see overall growth in 2018, some areas have done better than others, according to real estate experts.
A proliferation of property market regulations, the rising cost of finance, uncertainty surrounding Brexit, and in some markets, a high volume of new prime supply, is weighing on prime prices across the world.
The property market in Spain is set to remain buoyant in 2019 with one firm predicting that prices could rise between 5% and 7% in 2019.
Fewer overseas buyers have been buying homes in Spain in 2018, with the latest available figures suggesting that domestic demand is growing faster than that from foreigners.
The coastal province of Valencia is cheaper and more manageable than Spain’s major metropolises, making it an appealing alternative for many home buyers.
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