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
- € 399 000
- Apartment, For sale
- ID: TH-245-157230
- Thailand, Phuket, Bang Tao
1-Bedroom Luxury Apartment with Private Garden and Jacuzzi near the ocean – 82 sqm of Eco-Friendly and Wellness-Focused Living
- 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.
- € 2 800 000
- House, For sale
- ID: ES-88-124883
- Spain, Catalonia
Villa Peralada, located in the heart of the Empordà
- 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.
- € 870 000
- Apartment, For sale
- ID: LV-155762
- Latvia, Jurmala and region, Dzintari
For sale apartment in new residential complex in the centre of Jurmala...
- € 2 400 000
- House, For sale
- ID: LV-77877
- Latvia, Jurmala and region, Bulduri
For sale luxury villa near the sea in Jurmala
- € 5 800 000
- House, For sale
- ID: ES-88-119673
- Spain, Costa Brava, Sant Feliu de Guixols
Spectacular contemporary villa, located in one of the most luxurious residential areas of the Costa Brava, Punta Brava in Sant Feliu de Guíxols.
- € 1 900 000
- Hotel, For sale
- ID: LV-30643
- Latvia, Jurmala and region, Majori
Hotel development for sale in the Centre of Jurmala!
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
