The latest report from one of leading real estate portals in Spain highlights a significant increase in the price of used housing in Spain, marking a 7.5% rise year-on-year in June, reaching a historic high of €2,138 per square meter. The primary issue driving this surge is the lack of new housing supply, leading to increased pressure on the used housing market.
Highlights for Costa del Sol and Costa Blanca North:
Costa del Sol:
- Málaga, a key city in Costa del Sol, has seen the highest price increase among Spanish capitals, with a 19.9% rise over the last year.
- The entire province benefits from strong demand due to its attractive coastal lifestyle, boosting property values.
Costa Blanca North:
- Alicante, part of Costa Blanca North, experienced a 16.9% price increase, positioning it among the top areas for property appreciation.
- Both the city and the province appeal to national and international buyers, contributing to robust market performance.
Valencia:
- Valencia saw a significant price increase of 14.7%, highlighting the trend in both the city and the wider province in the Comunidad Valenciana.
These regions are gaining prominence due to their favourable climates, beautiful landscapes, and high demand from both domestic and international buyers.
This lack of new homes means that all the weight falls on second-hand housing, which is not able to absorb current demand and puts upward pressure on prices. Therefore, clients looking to buy a resale shouldn’t wait. Conversely, clients looking to sell will find it’s a buoyant market for resales. Now is an opportune time to act, whether buying or selling in these thriving regions.
Looking to buy? Contact us to learn more about how using us as your exclusive buying agent we can source, negotiate, and secure a property for you, ending your search and giving you the time to invest elsewhere.
Looking to sell? Let Fine & Country Spain be your trusted partner in selling your property. Contact us to learn more about our selling service and our exclusive selling agent service.
Fine & Country Spain covers the locations of the:
Costa Blanca, to include the desirable coastal towns of Altea, Calpe, Benissa Costa, Moraira, Benitachell, Javea, Denia, Oliva, the city of Valencia and the inland areas of the Jalon and Orba valleys.
Costa del Sol, to include the prime and affluent areas of Marbella, Benahavís, Estepona, Finca Cortesin and Sotogrande.
We can assist clients who are looking to buy or sell property in Ibiza and Mallorca. Additionally, we are expanding our services to the cities of Barcelona and Madrid.
From opulent villas, penthouses, apartments, classic villas, luxury new build and resale to investment opportunities, we have a wide range of property types to suit a variety of budgets with a commitment to excellence and a passion for matching unique lifestyles with exceptional homes.
Contact Details
Tel Office/Whatsapp : +34 685 810 394
Email: spain@fineandcountry.com
Fine & Country Spain Head Office
Marina de Dénia
Darsena de Babor Edificio E, Bajo 2
Puerto de Dénia
03700 Dénia
Alicante