Wednesday 10 February 2010

Resale property rises in price in Spain for the first time in two years

Finally some figures to back up what we have felt (and been saying) for sometime - now is the time to buy to get the best value. The price of resale property in Spain increased in January for the first time in 24 months, according to the real estate portal fotocasa.es.

Prices rose by 0.6% on average, with the regions of Cataluña, and La Rioja seeing the greatest recovery in price at 4.6% and 4.5%. Prices also rose in the regions of Comunidad Valenciana (2,2%), Asturias (2%), Baleares (1,9%), Aragón (1,4%), Galicia (0,9%) and Madrid (0,7%).

It takes the average price of per square metre for resale property to 2,366 €.

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Tinsa €/m2