Spanish house prices up in September
Spanish house prices up in September
Tuesday 9th October 2007
Investors in property in Spain might be interested to read that house prices in Spain increased last month, especially in the prime property market, new figures have shown.
Property portal Kyero.com has found that the average price of a property in Spain rose by 1.4 per cent in September – a sign that the market has now stabilised.
Homes with three or more bedrooms enjoyed the largest house price hikes, with prices rising by 5.7 per cent in September as more and more affluent buyers snap up prime property.
This means the average property price in Spain is now €248,000 (£172,000).
Martin Dell, Kyero.com managing director, said although the investment property market in Spain has had a difficult year, price rises are holding steady.
"Although buyers are still concerned about the possibility of a price crash, our data indicates that the market bottomed-out out during late 2006 and early 2007," he commented.
"We expect prices to remain stable or rise in line with inflation."
According to property portal Idealista, the city of Cartagena in Murcia saw house prices rise by 18.8 per cent during the third quarter of the year.
Source: http://www.equitypropertyportfolios.co.uk
For more information on Murcia Property Investment, contact WW Property Investments now.
Take a look at some of the other blogs on Spanish Property:
Football Village Spain backed by many of the Premier League Football Teams
Polaris World Murcia
and much more
Tuesday 9th October 2007
Investors in property in Spain might be interested to read that house prices in Spain increased last month, especially in the prime property market, new figures have shown.
Property portal Kyero.com has found that the average price of a property in Spain rose by 1.4 per cent in September – a sign that the market has now stabilised.
Homes with three or more bedrooms enjoyed the largest house price hikes, with prices rising by 5.7 per cent in September as more and more affluent buyers snap up prime property.
This means the average property price in Spain is now €248,000 (£172,000).
Martin Dell, Kyero.com managing director, said although the investment property market in Spain has had a difficult year, price rises are holding steady.
"Although buyers are still concerned about the possibility of a price crash, our data indicates that the market bottomed-out out during late 2006 and early 2007," he commented.
"We expect prices to remain stable or rise in line with inflation."
According to property portal Idealista, the city of Cartagena in Murcia saw house prices rise by 18.8 per cent during the third quarter of the year.
Source: http://www.equitypropertyportfolios.co.uk
For more information on Murcia Property Investment, contact WW Property Investments now.
Take a look at some of the other blogs on Spanish Property:
Football Village Spain backed by many of the Premier League Football Teams
Polaris World Murcia
and much more
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