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.
Ten years ago, everyone wanted a place on the Costa del Sol, however southern Europe’s sovereign debt crisis saw large numbers of Brits return home, unable to sustain their lives in the sun. Now, for the first time since 2007, Spain is witnessing renewed interest from British investors.