Costa’s new property was 6,000 euros per square meter
According to CB Richard Ellis (CBRE), real estate agents are now rich foreigners who often want space for personal use rather than investment. The CBRE study showed that the new build features are now of higher quality with better design and common services.
“Before the crisis properties were built without thinking of the client’s needs or quality because everything sold,” said CBRE valuation director Andres Moreno.“Now a lot more care is being taken; everything is designed with the end buyer in mind; it’s no longer a case of ‘anything goes’.”
The most expensive properties are located in Nueva Andalucia, Marbella and Benahavis with an area of 6,000 Euros. On the other hand, sales at Torremolinos and Fuengirola apply for prices higher than 4,000 € per square meter.
The report reveals that around 40 percent of the areas where the increase in real estate sales are at most are Benahavis and Manilva. According to a separate study by Lucas Fox, growth in new home sales has grown in almost every Spanish region in the last two years.
Moreover, aCosta property prices per squaremeter, CBRE, Richard Ellis,verage property prices in Madrid ended with € 3,846 per square meter per year. In the most sought-after Chamartin districts of the capital, Chamberi and Salamanca residences have grown to EUR 5,016 per square meter and to EUR 6,343 per square meter.
Furthermore, real estate prices are rising in Barcelona, where an apartment in the desirable Gracia district spends 4.346 euros per square meter.
Source: Olive Press ES
Melike Vodina / realesatecoulisse.com