News: ​Price of resale property in Spain drops in 2016

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​Price of resale property in Spain drops in 2016

The price of second-hand property in Spain fell by 0.7% in 2016 to 1,552 euros per square metre. Nevertheless, some sources report that there was a price increase of 1.3% in the third quarter of the year.

According to real estate experts, the value of second-hand housing in Spain is starting to go back to normal with a clear positive trend, despite the slight year-on-year decline.

By Autonomous Communities, the highest increase has been recorded in the Canary Islands, where the price of second-hand homes is now 7.8% higher than a year ago. Behind it are the increases in the Balearics (5.3%), Catalonia (3%), Valencia and Costa Blanca (2.5%), Andalusia (1.5%) and Madrid (1.1%).

The Costa Blanca in the Comunidad Valenciana is one of the regions with the cheapest prices for used homes with an average price of 1,186 euros per square metre.

2017 may be the year when you decide to go for the house of your dreams and we at E-Style have a wide selection to choose from. Here are some examples:

Resale property for sale in La Zenia, Costa Blanca, Spain

Resale property for sale in Punta Prima, Costa Blanca, Spain

Resale property for sale in Campoamor, Costa Blanca, Spain

3 Jan 2017


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