House_price_increase_July

House prices in Spain in July increased significantly compared to the same month last year.

Figures for Spanish residential property prices for the month of July have been published by valuation experts Tinsa and price increases are once again the order of the day across the country…

Since the start of 2018, the net per square metre property price increase now stands at 3.4%, with experts expecting a gradual growth over the coming months and years.

The seventh month of the year saw a 4.3% year-on-year value increase which, although slightly more modest than the 6.4% leap in June, demonstrates a continued and robust strengthening of the residential property market.

The biggest contributors to this figure were, once again, big cities and provincial capitals, whose 7.6% average price rise serves as a great marker for the sector’s recovery and investor confidence in real estate as a reliable asset in the current and foreseeable financial climate.

On the Mediterranean coast, which includes the beautiful Costa del Sol, last month’s exceptional value growth was not quite mirrored, although a 2.1% increase shows that the market is moving in the right direction and that Spanish real estate is front-of-mind for homebuyers both domestically and internationally.

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