According to Spain's Institute of National Statistics (INE) the year on year price increase in the first quarter of 2016 is the highest since 2007. See graph above. The average price of a resale property was 6.4% higher than the same period in 2015. And the rate of increase is accelerating.
Also on the up are property sales. See graph above. In the month of April 2016 there were 35.199 transactions according to the INE of which 28.028 were resales. This is the highest figure this year, 29% above the same month last year and is also the highest number of monthly sales since February 2013.
We have been saying for some months that prices have bottomed out and are on the rise. We have had three vendors increase their prices recently - the first time that has happened since 2007.
Don't wait. Call us now if you are thinking of buying. 0034 958 227735.
Author: Allan Hilder