Spain notches up sixth quarter running of rising prices

Spanish property sales have risen for the last 18 months, according to the Ministry of Public Works and Transport

Second quarter volumes rose 13.9% over the previous three months, according to The Ministerio de Fomento, the sixth quarterly increase running.

Non-nationals living in Spain notched up 17.2% of sales and to non-resident foreign buyers 5%. Alicante topped overseas purchases at 4,141, Málaga 2,517, Barcelona 1,470, Madrid 1,173 and Tenerife 1,099.

The latest figures from the Association of Property Registrars also suggested the Spanish real estate prices are rising, with a 5.12% annual increase to June 2015, the biggest rise since the downturn.

Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España, warns the rises are patchy.

“There are vast differences across Spain in terms of the property market’s recovery. Some areas, particularly coastal resorts that are popular with foreign buyers, are showing a marked recovery in prices and a really healthy market. Other regions are still struggling to turn their markets around though, so you need to do your homework regarding where to buy.”

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