Housing Price Rose for Fourth Straight Quarter, with Increases over 3%
In the first three months of 2022, the housing price rose by 3.7% year-on-year.
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In the first three months of 2022, the housing price rose by 3.7% year-on-year.
The advisory firm expects house prices to enter a growth slowdown phase after a 3.7% year-on-year rise of in 2021.
With this increase, the average house price stands at € 1,449 / m² –after registering YoY rises in the four quarters of the year– and points towards stabilisation in 2022
Indeed there has been a strong impact on the purchase of foreign residential assets in Spain due to 3 reasons.
The year-on-year decrease places the average sale price in Spain at € 1,388 per sq. m, getting close to the price stabilisation expected for mid-2021.
Investment in office space has declined by 50% in 2020, while demand in the logistics sector has increased, especially in Madrid and Barcelona.
The real estate assessment sector continues to grow in Spain. Gesvalt, an independent company specialising in consulting and valuing assets, are climbing up the rankings in terms of billing and number of operations.