SPANISH bank Bankinter has changed its mind about property prices in Spain this year, saying they will go up by 3% compared to a previous forecast of a 2% fall. It has reported that ‘house prices will rise throughout this year at least in line with estimated inflation in Spain’, although it does not rule out a possible slowdown, In 2023, prices went up 4.2%, compared to the projection that they...
The deputy governor of the financial supervisor expresses concern over rising food prices. Even so, there are important facts which provide positive expectations that Spain's economy will recover. Margarita Delgado, deputy governor of the Bank of Spain, believes that Spain's economy will recover and "will regain increasing dynamism" from spring onwards as a result of "a series of factors" after a...
House prices in Spain: What is happening with Spanish property prices? Is it worth investing in property in Spain? We have the details. No one has a crystal ball to know exactly what the price of housing will do in the coming years, especially when totally unexpected events occur, such as the pandemic caused by COVID-19, or even the war in Ukraine. So, what is happening with Spanish property prices? Are...
Second homes in Spain - Increases have been observed since mid-February and will continue to rise until December. Easter marks the start of the period of the year in which the highest volume of journeys to holiday destinations or second homes in Spain is recorded. Although cultural tourism destinations such as Madrid, Barcelona or Seville are some of the most sought after by Spaniards to enjoy these...
Housing price in the EU - The housing price in the EU (European Union) as a whole rose by 9.1% year-on-year in the third quarter of 2021, their highest increase since the second quarter of 2007, according to data published by Eurostat. The largest increases were recorded in the Czech Republic (22%), Lithuania (18.9%), Estonia (17.3%) and the Netherlands (16.8%). The most moderate increases were...
Germans buying in Spain - The Balearic Islands (34.3%), Canary Islands (23.6%), Valencia (19.7%) capture foreigners' interest in owning a house on the Spanish coasts. Activity in the housing market is recovering faster and faster, following the lifting of most measures restricting people's mobility implemented due to the coronavirus pandemic. One of the points confirming this recovery, in addition to the...
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