News: Property prices stop falling
Written by Inmo Investments - 31 Jan 2016
According to recent researches from the Property market report in 2015
carried out by one of the mayor property portals of Spain – Fotocasa,
the average price of second hand homes in Spain fell by -0.8% in 2015,
placing its value at 1,619 €/m2 compared with the figure of 1,632 €/m2
from the year at the end of 2014.
This yearly decline of -0.8% registered in 2015 is nearly five points lower than the decline from 2014 (-5.7%) and is the smallest decline recorded since 2007.
According to the head of research for the portal, this is clear signs of the prices in Spain stabilising. They said that in 2015 the double digit declines registered in recent years were left behind, and that prices begun to climb in certain areas “because after falling up to 45.2% of its original value, the falling cost of housing has coincided with a re-opening of mortgage credit, which was crucial in order for the sector to recover again. As a result, we ended 2015 with more positive forecasts for the real estate sector".
The property market values has actually seend a decline of -45.2%, on average, since it reached its historical peak in 2007 with a value of 2500 €/m2. The regions which have registered even greater accumulated declines since then are: La Rioja (-55.1%); Castilla-La Mancha (-52%); Navarra (-52%); Aragón (-52%); Murcia (-49%) and Valencia (-48%). Regisions which recorded the lowest accumulated declines in their housing prices are: Galicia (-31.5%); the Balearic Islands (-33.1%); Castilla y León (-36.3%) and the Basque Country (-37.3%).
5 regions recorded price increases at the end of 2015, the greatest being the increase registered for the Balearic Islands (+3.3%), followed by La Rioja (+2.4%), Madrid (+1.4%), Andalucía and Galicia (+0.7%).
Signs of recovery are also evident in our specific coastal areas (Costa Blanca south) where prices are growing in prime locations near to the beach such as Campoamor, Cabo Roig, Playa Flamenca, La Zenia and Punta Prima.
Apartment - Resale - El Chaparral
Spain - Costa Blanca South - Torrevieja32.500€
Studio for sale in El Chaparral/San Luis, situated on the outskirts of Torrevieja. The first floor apartment 36m² of living space and comprises large bedroom/ lounge/dining room, semi independent fully fitted kitchen, bathroom and 6m2 glazed terrace with a South East facing aspect. Sold as seen, fully furnished and key ready. Quiet residential area with ample parking for residents. Located walking distance to local bars and shops and less than a 10 minute drive into the heart of...34 0 1
Town house - Resale - La Zenia
Spain - Costa Blanca South - La Zenia159.000€
Excellent location for this established town house only 800m to the La Zenia beach . The property for sale offers 3 bedrooms, master bedroom with 5m2 balcony sun terrace, 2 bathrooms, lounge/dining room and semi independent kitchen with adjoining utility/laundry room. Outside space provides low maintenance garden/terrace with on-site parking and solarium for year round sun. Sold fully furnished and key ready with extras including air conditioning, white goods, security shutters and...80 100 3 2
Town house - Resale - Nicolas de Bussi
Spain - Costa Blanca South - Playa Flamenca115.000€
Immaculate town house in the heart of Playa Flamenca provides 2 double bedrooms and 2 bathrooms. The property consists of a light and airy living/dining area with natural light and American style kitchen with breakfast bar. Outside space boasts a low maintenance garden, sunny balcony terrace and an impressive spacious rooftop solarium with sea views. Situated in the heart of Playa Flamenca with plenty of amenities all on the doorstep, including the Saturday street market and the popular...73 15 2 2
Villa - Resale - Lo Marabu
Spain - Costa Blanca South - Ciudad Quesada299.900€
Stunning and modern throughout detached villa situated in Lo Marabu, Ciudad Quesada. Built in 2015, the immaculate villa for sale offers 3 spacious bedrooms (all on the ground floor), master bedroom with en-suite bathroom and walk in wardrobe, further family bathroom, light and airy lounge/dining room with large picture windows, and an ultra modern, open plan kitchen full of natural light. External stairs lead to the huge solarium of 77m² with upper terrace designed for Jacuzzi use,...108 363 3 2
Villa - Resale - Los Balcones
Spain - Costa Blanca South - Los Balcones425.000€
Imposing detached villa for sale situated in a quiet location in Los Balcones. This spacious villa offers an outstanding living space of 277m² which incorporates 138m² underbuild. The property comprises 4 large bedrooms, 2 bathrooms, ample lounge/dining room and sizeable independent kitchen with ample space for further dining facilities. Set on a private 783m² plot with sweeping driveway, ample parking for multiple vehicles, well established gardens, rockeries, ample sun terraces...277 783 4 2
Villa - New build - Los Alcazares
Spain - Costa Calida - Murcia - Los Alcazares635.000€
Exclusive and carefully designed south facing villa where you can enjoy modern designs and high-quality materials. It is distributed over 2 floors. It has 3 bedrooms and 3 bathrooms, a bright living room and a modern kitchen with a fully equipped central island. In the outside, we have a garden area and a private pool. Possibility of a basement and a fourth bedroom. The environment is ideal to live all year round or for vacation periods. Located on the first line to enjoy panoramic views...173 462 4 4
Apartment - New build - Finestrat
Spain - Costa Blanca North - Finestrat180.000€
Modern new build apartments in Finestrat provide models of 2 or 3 bedrooms and 2 bathrooms. Light and airy throughout, the properties consist of an open plan living/dining area with an fully fitted modern kitchen. Outside space boasts either a private garden, balcony terrace or rooftop solarium, all with stunning views. Communal areas include 3 communal pools (1 indoor), landscaped gardens, children's play area, paddle courts, social beach club, gym, changing rooms and communal parking....76 2 2
Penthouse - New build - Beach
Spain - Costa Blanca South - Mil Palmeras550.000€
This prestigious new development of luxury homes is located just 300 m from the beach in Mil Palmeras. Now totally key ready these beautiful modern new build penthouse apartments for sale offer 3 bedrooms, 2 ultra-modern bathrooms, an open plan kitchen with utility room (subject to the choice of property number), and a spacious living area with patio doors to a large private balcony terrace. An impressive rooftop solarium provides plenty of space to enjoy the panoramic views, and...85 81 3 2