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.
Featured Properties
-
650.000€595.000€Penthouse - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D2332 76m2 2 2 - BEACH SIDE
Villa - Resale
Spain - Alicante / Costa Blanca South - Las Colinas
Ref.: D1273 173m2 4 3 - Sea viewEXCLUSIVEBEACH SIDE
Luxury Villa - Resale
Spain - Alicante / Costa Blanca South - Campoamor
Ref.: D7770 573m2 5 5 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 - EXCLUSIVE
470.000€449.000€Villa - Resale
Spain - Alicante / Costa Blanca South - Ciudad Quesada - Doña Pepa, Quesada
Ref.: D1356 157m2 4 2 - Sea viewBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1367 120m2 2 2 - Sea viewEXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D1707 74m2 2 2 - EXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Pilar de La Horadada
Ref.: E3771 65m2 2 2 - Sea viewBEACH SIDE
Town House - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 2271 100m2 4 2 - Sea view
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1357 272m2 5 4 - EXCLUSIVEBEACH SIDE
280.000€260.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E3339 79m2 2 2 - Sea viewBEACH SIDE
Town House - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 1624 95m2 4 2 - Sea viewEXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: D1730 80m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1369 85m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Campoamor
Ref.: 1362 75m2 2 1
Latest properties
-
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: E1812 78m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1369 85m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1632 106m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima - La Ciñuelica
Ref.: E3234 69m2 2 1 -
Penthouse - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6168 100m2 3 2 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 6167 440m2 5 5 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Los Altos
Ref.: 6166 46m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1368 71m2 2 1