According to the Coastal Housing Report 2019 – recently published by property assessment company Tinsa -, 63% of the analysed coastal areas show signs of recovery in the prices of holiday homes and a “clear upward” trend in 30% of them for 1q 2019.
The latter include some of the Catalan townships near Barcelona capital such as Badalona, Lloret de Mar, Tossa de Mar, etc.) and the islands of Mallorca and Ibiza.
In addition, areas which years ago appeared to be stagnant due to a less than solid demand, are now experiencing a price revival.
Beachfront areas with multi-family dwellings with a unit value below €2,000/m² have fallen from 30% to 25%, increasing the number of areas with values oscillating in higher price bands.
The higher priced band corresponds to a high purchasing foreign demand mostly from central and northern European Union, Russia or North Africa and it’s occurring mainly in the area of Marbella (Golden Mile and Puerto Banús), Costa Brava (Cadaqués, Llafranch, Calella de Palafrugell and Platja d ‘Aro), Costa del Garraf (Sitges) and the insular territories of Ibiza (Paseo Juan Carlos I) and Formentera.
Idealista – one of the most influential real estate portals in Spain – has just published its latest price index on housing in Spain.
Thirteen of the seventeen Spanish Autonomous Communities have experienced a rise in prices during the months of spring.
The largest increase has occurred in the region of Andalusia – where owners are currently asking for a 4.3% more for their homes than three months ago -, followed by the Valencian Community with a 3.1% increase and Murcia with a 2. 8%.
Baleares remains positioned as the most expensive region, averaging 3,016 euros/m2.
The location with the priciest m2 in Costa Blanca North is Moraira – with an asking price of € 2,607 m2 – while in Costa Blanca South, Ciudad Quesada commands the highest averages at € 1,970/m2 and La Manga in Costa Cálida at 1,482 €/m2.
Move the mouse over the bar chart and check the data!
We want to help you navigate all the legal complexities that come with your home buying in Spain, but this article is legal information and should not be seen as legal advice.