Orihuela Costa Apartments for Sale
The price of new build properties in Spain rose by 3.3% in 2016
This is the first increase in nine years, after the housing bubble that sparked the subsequent economic crisis.
The price of new housing grew by 3.3% in 2016, after closing the second half of the year with a rise of 1.9% in provincial capitals, to an average value of 2,120 euros per square meter, according to The report of ST Valuation Company. This is the first increase in nine years.
Specifically, the average price of a 90-square-meter type home in the province capitals stood at 190,800 euros (2,120 euros / m2), while in the other cities studied, which are not province capitals, the average price of A new home reached 1,555 euros per square meter.
The figure is still far from the 2,905 euros per square meter for provincial capitals that touched in December 2007, before the bursting of the housing bubble and the beginning of the economic crisis.
Positive cycle for the real estate sector in Spain.
In 2016, according to the report, the stabilization of the sector is consolidated by the favorable evolution of the factors that affect it: the appreciable increase in the number of transactions, the generalized rise in prices, although in a discreet way, the reactivation of the sale of Housing on plan, improvement in accessibility to credit and, finally, an improvement in macroeconomic parameters.
Complete Spanish Property helps you find in Orihuela Costa apartments for sale.
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Within Complete Spanish Property we try to make your approach to the Spanish real estate market as smooth as possible. Our commitment is to listen to the needs and requirements you may have. If you are considering buying a property on Orihuela Costa, Costa Blanca or Costa Calida, check out our portfolio of properties. We are sure we will have the property you are looking for.
Contact Complete Spanish Property and soon you will be enjoying your dream home in a wonderful place to enjoy life and feel energized and rejuvenated.