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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Spain - Alicante / Costa Blanca South - Punta Prima
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Ref.: D1768 218m2 4 4 -
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Spain - Alicante / Costa Blanca South - Punta Prima
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229.000€225.000€Apartment - Resale
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Ref.: 3781 64m2 2 2 - Sea viewBEACH SIDE
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Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1364 72m2 2 1 - Sea viewEXCLUSIVEBEACH SIDE
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Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: D1730 80m2 3 2 - EXCLUSIVEBEACH SIDE
Town House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E2363 72m2 3 2 - Sea viewEXCLUSIVEBEACH SIDE
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Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D1707 74m2 2 2 - EXCLUSIVE
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Spain - Alicante / Costa Blanca South - Torrevieja - Los Balcones
Ref.: D3539 95m2 3 2 - Sea view
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1357 272m2 5 4 - Sea viewBEACH SIDE
425.000€398.000€Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E1699 350m2 5 4 - Sea viewBEACH SIDE
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Spain - Alicante / Costa Blanca South - Dehesa de Campoamor
Ref.: 1625 65m2 2 1 - Sea viewEXCLUSIVEBEACH SIDE
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