According to reports published, the Spanish housing market is getting stronger. According to a report by TINSA, housing prices in Spain increased by 6.49 percent from 2018 to a year earlier and reached 1.493 euros per square meter.
Spain real estate values have increased to the best level of recent years. In the quarter of 2018, housing prices increased by 1.7 percent in the last quarter. Falling house prices in the period before 2016 started to increase as of the first quarter of 2016. Spanish housing prices fell 41.9% compared to Q4 2015, according to TINSA data.
Also, in Spain, demand for houses is increasing rapidly. In 2018, home sales rose by 10.6 percent. Likewise, last year’s home sales figure rose to 481,220 units. The increase in home sales was the highest in the coastal regions and in Barcelona. Most foreign investors bought homes from the Costa del Sol. Most of the foreign hosts are British, French, Germans, Belgians, Italians and Swedes.
Construction activities in the country continue to increase rapidly. Housing construction increased by 7.7 percent and 9.5 percent in 2018.
According to TISNA, the Spanish housing market will gain value in the coming years. Sales are expected to increase from 500,000 units last year to 625,000 and 650,000 in 2019. According to experts, home sales in the country rose from 625,000 to 625,000.
In addition, house prices in the country are expected to increase by 5 percent to 7 percent. The European Commission expects the Spanish economy to grow by 2.2% this year.
Sevdenur Demir / [email protected]