The Property Ombudsman

Spanish house prices rising at fastest rate since 2007

Average house prices in Spain have risen 4.5% in 12 months, according to the latest figures.

In the past 12 months to September 2015, house prices have been seen to rise at the fastest rate since the pre-crisis property boom. Research from the National Institute of Statistics, which is based on data from the Property Register, represented an increase of almost 5% over the past year. The quarterly figures for Q3 showed a 0.7% rise over three months – the sixth consecutive quarter to see an increase in house prices, indicating a sustainable recovery across Spain.

The report also highlighted the house price growth across every region of Spain over the last 12 months, with some areas seeing a greater price increase than others.

This news follows on from a market increase of 15% across Spain, with property sales and rental demand adding to its growing economy. Reports have shown over 27,000 homes sold in Spain throughout September alone, demonstrating a high demand that is set to continue for the foreseeable future.  

Sequre’s managing director, Graham Davidson, comments on the increase in Spain’s house prices –

“This is the news that many have been waiting for. While Spain has been making a remarkably strong economic recovery over the past year, house prices have remained low. Rental demand, mortgage approvals, property sales and new build construction all saw a significant increase across 2015, however, there was concern that house prices were remaining quite stagnant.”

“To now see reports that house prices have not just increased by 4.5% in the space of 12 months, but also have risen at their fastest rate since pre-crisis levels is a particularly positive step forward. Those who are looking at buying in Spain can now do so with full confidence that their purchase will be a safe and healthy investment for the future.”

To find out more about the properties we have available in Spain, contact Sequre today. We source properties in a number of locations across Spain including the Costa del Sol, Costa Blanca, Costa Calida and Orihuela Costa. Our subsidised inspection trips start from as little as £149 for 4* accommodation, flights and airport transfers. This allows buyers to view locations and properties of interest along with the opportunity to meet with English speaking Spanish lawyers and mortgage advisers. 

For more information on investing in Spanish property, call our team today on 0800 011 2277

Enquire now