Villas for Sale in Costa Blanca South
The price of second-hand housing in Spain recorded its highest year-on-year increase in the last 10 years
The resale houses revalued by 4.9% in the eighth month of 2017 (up to 1,708 € / m2).
The average price of second-hand housing in Spain was in August 2017 at 1,708 euros per square meter after a year-on-year increase of 4.9%, the highest year-on-year increase recorded in the last 10 years.
We have to go back to May 2007 to find an increase similar to that of August. Specifically, the price then rose by 5.4% year-on-year.
The economic improvement, key to explain the rebound of prices.
The housing market is registering levels of activity that we did not see for 10 years as a result of the improvement of the economy and employment, as well as a return of confidence in the sector. As a result of all this, prices are rising, although they do so at a very different rate depending on the area of the country.
Prices still much lower than the real estate bubble times.
From the highs, the average price of second-hand housing in Spain has accumulated a fall of -42.2% since it registered its historical peak in April 2007 with 2.952 € / m2. In this sense, 11 autonomous communities have fallen more than -40% since reaching the maximum price nine years ago.
