New Build Apartments Costa Blanca
The price of unsubsidised housing in Spain rose 2.2% in the first quarter of 2017
The price of free housing grew by 0.9% in the period January-March 2017 in relation to the last quarter of 2016.
According to the Ministry of Development of Spain (Fomento), the average price of housing from January to March of this year would have been set at 1,525.8 euros per square meter, which implies a year-on-year increase of 2.2% and means to chain up to eight quarters of increases.
In this sense, the price of free housing grew by 0.9% in the period January-March 2017 in relation to the last quarter of 2016. Moreover, according to Fomento, more than 60,000 properties are being built at the moment Year, ten times less than the 600,000 homes that were built at the record highs reached in the years before the start of the crisis.
We are still far from a real estate bubble.
In addition, the Ministry takes advantage to remember that the figures for 2008 are still far behind, when the average price of the first quarter of that year was 27.4% higher than in the first three months of 2017. However, the price recovery in the first quarter of the current year from the lows recorded in the third quarter of 2014 is 4.8%. This constant trend of gradual increases does not have much relevance because it is a logical reaction of the market to the good evolution of the Spanish economy.
However, the good momentum of the residential construction sector is something that is applauded from the Ministry, as long as it goes hand in hand with efficiency and rationality on the part of the different agents that configure the real estate panorama in Spain, something that also leads to The gradual reduction of stock of unsold housing that trails the years of recession.
Complete Spanish Property helps you find new build apartments in Costa Blanca.
At Complete Spanish Property we try to make your approach to the Spanish real estate market as smooth as possible. Our advice 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.