Latest market analysis suggests that overseas demand for Spanish property is continuing to rise, in turn providing a good indicator of the positive potential for the country’s shared ownership industry.
In the first three quarters of 2017, leading Spanish property agencts Lucas Fox saw sales increase by just over 50 per cent across all its regions, most notably in Madrid (70%) and Barcelona city (38%) as well as in Valencia and Sitges, which saw sales grow by more than 100% in the first nine months of the year compared to the same period in 2016.
Third quarter results from the agency also showed that the average price of a prime property has risen significantly – from €709,111 in September 2016 to €802,000 in September 2017, an increase of 13% year-on-year.
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Record sales show Spanish prime market on the up