Spanish property continues to rise rapidly in price
Especially the new-build segment. According to the National Statistics Institute, in the second quarter of 2024, property prices as a whole rose by 7.8% compared to the same period in 2023.
But this is nothing compared to the prices of new homes: their cost soared by 11.2%. Such a rapid rise in prices has not been seen since 2007, when the Spanish property market was inflated by a bubble that ended in collapse.
What's behind the rapid rise in property prices in Spain?
1. Low interest rates: The European Central Bank's rate cuts have made mortgages more affordable, stimulating demand for property.
2. Strong demand: Spain is a popular tourist destination and an attractive place to live for foreigners, creating additional demand for housing.
3. Limited availability of new homes: New home construction is slow, limiting supply and pushing up prices.
4. Inflation: Rising prices for building materials and other goods and services also affect the cost of real estate.
5. "Domino effect": Rising prices on the secondary real estate market stimulates the growth of prices for new buildings, creating a domino effect.
Mercury Group: your reliable partner in Spain
Are you considering Spain as a permanent residence or as a profitable investment?
Contact us and we will promptly select investment-attractive apartments in Spain for your budget: both for personal residence and for rent, and we will show specific calculations of profitability for them!
Properties in Spain
Special offers of real estate abroad
- € 2 150 000
- House, For sale
- ID: LV-77877
- Latvia, Jurmala and region, Bulduri
For sale luxury villa near the sea in Jurmala
- upon request
- Commercial apartment building, For sale
- ID: LV-143885
- Latvia, Riga, Centre
For sale Exclusive Household in the center of Riga
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
- € 800 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Dreaming of living in a brand new premium townhouse overlooking a park with a pond in the very center of Riga?
- € 2 250 000
- House, For sale
- ID: IT-39-99453
- Italy, Lombardia, Milan
Historic Farmhouse with Private Park in Peschiera Borromeo (Milan, Lombardy)
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 550 000
- House, For sale
- ID: ME-103-100396
- Montenegro, Budva riviera, Krimovica
Two new villas in Krimovice
- upon request
- House, For sale
- ID: LV-1529
- Latvia, Jurmala and region, Asari
Feel atmosphere of the Baltic sea resort! Private scandinavian style house for sale in Jurmala.
- upon request
- Apartment, For sale
- ID: OW-OAE-133859
- UAE, Dubai, Business Bay
Beautiful apartment in one of the top buildings by premium developer Select Group called the Edge.
