Spanish property selling prices up 20%

Selling prices for new-build Spanish properties have risen by more than 20 per cent in the last year.

The increasing average amount being spent on new properties indicates a “revitalised confidence” in the market that the developer predicts will continue in the coming months, with valuation firm Tinsa also showing that the average price of a home in Spain grew 0.8 per cent during Q2 2016.

Javier Ballester, Managing Director for Taylor Wimpey España, comments: “A growing number of buyers are purchasing properties at higher prices, which emphasises the fantastic news that the Spanish market is on a positive trajectory. The strength of our order book continues to build and we would expect the second half of 2016 to be just as exciting and rewarding, if not more so.”


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