News: Spanish resale property prices fell by 2% in 2015
According to recent reports, the downward adjustment in the price of second hand property in Spain last year was 2%, while prices fell by 0.7% in the last quarter of 2015, bringing the average price per square metre at 1,563 euros.
Even though the number of new mortgages still does not balance out the number of cancellations, mortgage lending has somewhat returned to normal and this has been an important factor in the process. Spanish banks are now offering mortgage loans with better conditions than a few months ago.
While the decline in prices may still be considered insufficient in some markets, prices have started to rise very gently in others. Therefore these increases should only be seen as a normalisation of the real estate sector.
At present, it is possible to find more modest properties with an average price of less than half those at the top of the league, while many investors are buying real estate at much lower prices than a few years ago, even in the popular areas around the Costa Blanca, including Torrevieja, Orihuela Costa and Pilar de la Horadada.
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650.000€595.000€Penthouse - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D2332 76m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Los Balcones, Torrevieja - Los Balcones
Ref.: 1309 32m2 1 1 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 1624 95m2 4 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 3316 100m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 1706 48m2 1 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1357 272m2 5 4 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1361 68m2 2 1 -
229.000€225.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 3781 64m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1358 60m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1733 2 2 -
280.000€260.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E3339 79m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E2360 70m2 1 1 -
Quad House - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1860 75m2 3 2 -
470.000€449.000€Villa - Resale
Spain - Alicante / Costa Blanca South - Ciudad Quesada - Doña Pepa, Quesada
Ref.: D1356 157m2 4 2 -
Villa - Resale
Spain - Alicante / Costa Blanca South - La Zenia
Ref.: D1488 306m2 4 3
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Villa - Resale
Spain - Alicante / Costa Blanca South - Torrevieja - Aguas Nuevas
Ref.: 1814 480m2 4 4 -
Luxury Villa - New build
Spain - Alicante / Costa Blanca North - Finestrat
Ref.: ON1813 309m2 3 3 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Las Colinas
Ref.: 6164 115m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1376 86m2 2 2 -
Villa - New build
Spain - Alicante / Costa Blanca North - Finestrat
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Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1359 76m2 2 2 -
Luxury Villa - New build
Spain - Alicante / Costa Blanca North - Finestrat
Ref.: ON1811 380m2 4 4 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1358 60m2 2 1