The Royal Institute of Chartered Surveyors (RICS) believe the stage is set for Spain to return to a property boom. The latest data from RICS suggests there is renewed interest, in particular, in the commercial property sector and the residential market is enjoying reflected growth as a result of this.
New data from Spain’s notaries reports that residential property sales are rising with Brits leading the way in picking up the country’s property at reduced prices. The statistic centre of the Consejo General del Notoriado has reported a 16.3% rise in the number of houses sold in Spain in the year to June 2014. However, the average price per square metre was down 5.7% to €1,214.
House prices in Spain have fallen 3.9% since June last year, but the country is displaying signs of recovery. According to the Tinsa IMIE Index, this represents a significant improvement on the 6.7% fall in values witnessed in the year to March 2014 and the 8.3% decrease during 2013. Two autonomous communities in Spain have […]