The presents have been opened, the waistlines expanded, the bells jingled. But there’s a long weekend yet before 2024 begins, and then we have the Three Kings celebration in Spain on January 6th which does mean we basically have a two week festive season…
The Spanish valuation company confirm today that prices are still ticking up across Spain with the average value being 1,767 €/m2, up 4.1% on the last quarter of 2022 and up by 1% on the third quarter of 2023.
They also confirm the there is a general "slow down" across Spain. Hardly surprising when the number of mortgage being issued by banks is down and the number of transactions also down when compared with previous months. However on the Spanish coast, the slow down is still to be seen, suggesting there still exists a lot of demand for first and second residences despite the higher interst rates and inflation levels which are showing signs of coming back down again,