Over the last decade the Spanish property market has seen a steady increase in prices, standards and quality. Last year the price of property in Spain generally was up 3.6% in the 12 months to December 2019 according to valuation firm Tinsa.
Whether you already own a home here or are considering investing, this figure is a year-on-year percentage increase, meaning home values rose by this amount compared to the same period the previous year.
Quarter 4 2019
These statistics are a national average and the price of property in Spain does vary from region to region. In the Málaga province the average price of residential real estate rose by 4.6%. This means the average price per square metre of both new and used properties in both coastal and inland areas of Málaga province stood at €1,673 by the end of 2019.
According to the Spanish National Statistics Institute (INE) data 441 (or 2.7%) more Andalusian homes were purchased in November 2019 compared to the same month in 2018.
In the month to 30th November, a total of 8,391 residential real estate transactions were made in the southern Spanish Autonomous Community of Andalucía. This number was marginally down from the 8,655 property sales registered in October, however it was a real improvement on the preceding month of September, when 7,307 homes changed hands.
As an indicator, this means that whatever is happening in the political and economical world, property in Spain continues to be a popular investment and here at Bromley Estates we have a fabulous selection of properties to suit all budgets and lifestyles. If you are a property investor, then Spain offers a steady return year on year on your investment.