Posted on January 19, 2018 by Kyero
The Spanish property market has been through turbulent times over the last few years, but the latest House Price Index report has some positive indicators for the future.
Having fallen sharply through 2012, and stayed fairly stagnant for most of 2013 and 2014, prices have been rising slowly but steadily since then. And that growth seems to be speeding up in recent months, which is great news for investors, vendors and agents.
Annual growth in sales was up 6.6% year on year in Q3 of 2017, putting prices back up to early 2012 levels. The bulk of this was driven by Madrid and Catalonia – both of which are traditionally strong growth areas – as well as the Balearics, with all showing an increase of nearly 10%.