Spain’s economy suffered terribly in the recession. Their property market was all but decimated as the job market floundered. Investment in Spanish property is substantially coming from US, British and Dutch pockets but, nevertheless, the increase in sales and prices is very welcome news.
The Referendum grows ever closer and much noise is being made about the economic stability/ instability (depending on your political leanings) of the EU’s member states. The Property market is, in many ways, one of the big economic engines of the world. These burgeoning signs of recovery will inevitably be twisted and moulded by our political leaders for their own ends but the recovery of the hardest hit economies is heartening, whether you’re “in” or “out”.
The prices of homes in Spain increased by 0.6% in February year on year, taking average values to €1,233 per square meter, according to the latest data from the General Council of Notaires.