A recent report by global property valuation experts Tinsa has shown that property valuations on residential property in Spain have risen by an average of 3.6 per cent annually in the past 12 months comparing January 2017 to January 2018.
The major cities in Spin such as Madrid, Barcelona and other regional capitals showed growth with an average of 5.1 per cent whilst in the Balearic and Canary Islands property equity grew by n average 4.1 per cent.
This report highlights ongoing, year on year equity growth in Spain and is great news for all types of buying criteria, especially for investors looking to acquire property assets in Spain with realistic short to mid term exit goals looking to make impressive yields on equity upon sale of their properties.
For buy to let investors in Spain this also gives an indication of a more buoyant and increase in demand for Spanish housing which could see an increase in rental prices both short and long term as well as delivery a healthy profit margin if they decide to sell the property in the future.
Likewise for people buying in Spain for all year round residence or for a holiday home you can be safe in the knowledge that you are investing into an increasing market and that your purchase will be worth more than the purchase price immediately on current growth trends.
Since 2013 Spain has seen an overall average growth in property equity and value of 7.6 per cent. This is still some way of the peak prices of 2007 but you could argue these were over inflated prices to begin with.
This positive news also ties in with other impressive statistics in the Spanish economy such as property sales in Spain increasing by 20 per cent at the end of 2017 compared to 2016 and unemployment decreasing by 7.54 per cent comparing January 2018 to January 2017.