9.4% quarterly property price increase across Spain

Residential property values in Spain continue to increase in 2018, with excellent first quarter figures recently announced.

It will come as no surprise after the extremely encouraging increases in recent months that the latest quarterly residential property value increment is 9.4% compared to the same period in 2017…

According to data from the Spanish Registrar’s Association published last week, this figure is not only encouraging when compared to this time last year, but it also represents a sustained positive trend over recent quarters.

Their data shows that the average national property value increase from January to March is 4.5% higher than Q4 2017, which is – proportionally – a more significant rise than the year-on-year statistic.

This property value growth leaves Spanish property just 18% shy of the record levels it reached at the apex of the real estate boom in 2007.

The same study reveals the total number of property transactions in the same period was 128,990 – a more-than-modest 15.3% increase on Q4 2017 – which is the single highest quarterly sales volume since 2008.

The signs, then, are good for the property sector in 2018. As Spain’s economic outlook continues to improve and new building projects are more numerous now than in recent years, there is certainly cause for optimism.