#spanishpropertystatistics

[coldwell-banker-sant-cugat-eng]

Spanish Property Insights for August

There are several bodies in Spain which track the ups and downs of Spanish property prices; the statistics gathered by these bodies are never identical.  However if you look at the top index trackers results together you can get a clear picture of the direction Spanish property prices are going. Among the most respected and reliable bodies which track the Spanish property prices there is the General Council of Notaries, Tinsa appraisal company and Fomento, a government body.

The movement of the average property prices in Spain appears not to have changed that much over the course of the last 12 months. The General Council of Notaries assessed that the average property price nationwide fell by 1.9% when compared to the same period last year where as TInsa showed a rise of 0.3% for the same period. Nationwide it appears that the market still has a higher supply than demand in property; in other words there are more houses on the market than people looking to buy.

Although these national statistics are interesting they don’t really contribute to a buyer or seller interested in making a transaction. Statistics related to the property buyer or seller’s local property market would be more relevant and be able to guide them through a transaction. The national figures produced by the top assessment bodies in Spain should not influence a buyer or seller’s decision about how and when to sell or buy a Spanish property. A better indication would be a survey made in the specific area where you are intending to buy or sell. It is advisable to get advice from a reputable real estate agent who knows the local market, like Coldwell Banker in Barcelona.

[coldwell-banker-sant-cugat-eng]

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%.