August 22, 2014 Leave a comment
Sales statistics just released from the National Statistics Institute, shows that Spain has seen a year on year increase in property sales for four consecutive months, ending a ten month duration of year on year declines.
Valencia boasts the largest increase of house sales per 100 thousand people, followed closely by the Canary and Balearic Islands.
In relation to this, Madrid performs the highest, with a 30.4 per cent increase. Extremadura, with 25.7 per cent, and Navarra, at 19.3 per cent, placed at second and third.
There has been very positive movement on the Costa del Sol this year. to put it into perspective: there have been four new housing developments within the Costa in 2013 compared with none throughout the previous 3 years. Potential developers need to stay grounded, however, as thirty per cent of recent homes on the Costa are still to be sold.
An average two-bedroom apartment on the Costa del Sol can go for €196,956, while a family home comes in at €393,520.
Experts predict that Spanish property markets is likely to stabilise towards latter part of the year.