Spanish Property Market Continues To Stabilize

By Fernand Gagnier, for 22 January, 2015

Spain's General Council of Notaries has said that the country's property market is continuing to stabilize, with increasing numbers of sales at lower prices.

New figures for November 2014 show that sales were up by 14 percent year-on-year and prices were down by 1.5 percent over the same period. The average price per square meter during November was EUR1,194 (USD1,382).

Meanwhile, the number of home sales financed by mortgages has increased by 37.2 percent year-on-year, although the average amount borrowed  – EUR109,202 – has fallen by 0.4 percent.

Overall, there has been a fall in prices of 36.7 percent since the start of the financial crisis in 2007.

Tags: Spain | Expats | Investment | Property Investment | Invest | Investment |


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