Eurostat, the European Union’s (EU) statistics database, has published figures showing that Spanish property rose in value by an average of 4.3% in 2015, which is some way above the European average.
For the fourth and final quarter of last year, values for Spanish property remained steady, which suggests a slight slowing of the price rises that have characterised the past handful of quarters…
Quarter-over-quarter, homes in Spain were 4.3% more expensive at the end of December than the same period in 2014, with the preceding three quarters also posting rises greater than 4%.
Analysts are confident that this trend will flow into 2016, and first quarter data, due shortly, is hotly anticipated by the industry as it looks to build on a supremely encouraging 2015.
For the whole of the EU, the average annual property price increase for last year was 3.8%, with Sweden leading the way (home values rose 14.2% in 2015), followed by Hungary (10.3%), and the UK (7.1%).
The property markets of Croatia, Italy and Cyprus – each at some point touted as ‘the next big thing’ for overseas investment – saw price contractions of 2.1%, 0.9%, and 0.6% respectively.
For 2016, the CBRE forecasts property prices in Spain to rise by approximately 5%.
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Joe McKayApril 16, 2016 at 10:08 am
What about this silly Marbella Plan they have deemed illegal? Putting a fragile market back in a grey area
Carolyn MowlemApril 19, 2016 at 4:46 pm
Have you got something to say?