Q3 Spanish Property Statistics
Another Positive Report of Spanish Property market Recovery
More signs of an improving Spanish property market
Among the many predictions, statistics and calculations issued towards the end of 2015 and the beginning of 2016 which predict the recovery of Spain’s property market is the Eurostat report. Eurostat is perhaps one of the most reliable sources in predictions and statistics relating to pricing in the European Union.
Last week Eurostat issued a report stating that the Spanish average housing market prices have risen by 4.5% in the third quarter of 2015 (July-September). Eurostat (European Commission Statistics Office) compared the Spanish property market in the third quarter of 2015 with the same factors twelve months earlier in the third quarter of 2014. The year to year increase is even higher than statistics issued by other official bodies. In addition Spain’s property market statistics are more positive than those reported for the rest of the countries in the Eurozone and the whole of the European Union. In other European countries the same period (Q3 2015) registered house price rises of 2.3% (in the Eurzone) to 3.1 %( in the EU).
The highest annual rise in housing prices in EU member states were registered in Sweden, Austria and Ireland. Swedish housing prices rose by 13.7% in the third quarter of 2015 as compared to Q3 in 2014. The greatest drop in house prices in EU countries was registered in France where prices fell by 1.2% and also in Italy, Croatia and Latvia. The highest quarterly rise in house prices in Europe in the third quarter of 2015 as compared to Q3 in 2014 was registered in Malta with 6.2% and the lowest rise was in Estonia which saw a drop in house prices of 1.9%.