Costa del Sol property & lifestyle, news, views, advice & information

Home sales increase 9.9% across Spain in August

Author:   |  October 10th, 2018

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Property transactions in August were up significantly across Spain.

According to recently published data from the Spanish Association of Notaries, the year-on-year increase in residential property transactions across the country was almost 10% for the month of August

In total, 31,046 residences were sold in August compared to 28,251 over the course of the same month last year.

This figure is the justly-deserved fruit of the thriving Spanish property market (especially in recent months), buyers wanting to capitalise on real estate prices before inevitable quarterly increases nudge home values upwards and a proven demand for foreign and domestic investment in a second home on Spanish soil.

Other data worth pointing out is what the notary organisation estimates to be the increases in per-square-metre home values. It calculates the average selling price to have exceeded 1,265 euros per square metre, which represents a year-on-year growth of 3.3% for the eighth month of the year.

This appears to correlate with Tinsa’s year-on-year valuation for average residential property price increases and signals a strong market resurgence for all areas in Spain – not least of all the Costa del Sol.

Indeed, for sales to swell in August – typically a month for holiday-making and spending some well earned time off work – is a robust indicator of the strength of purchasing activity for the calendar year as a whole.

To take advantage of the current market conditions and to avoid paying more for your dream sunshine property, get in touch with VIVA today… we have homes for all budgets – visit www.yourviva.com and find out for yourself!

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