Spanish house prices increased in Q3-2008

November 2nd, 2008

The latest Spanish House Price Index from reflects average asking prices for Q3 2008 – and it contains some surprises.

Overall, the average house price in Spain appears to have increased from €240,000 to €245,300 – in just three months. In the current market conditions, how can an apparent increase in house prices be explained?

Digging a little further, the overall increase can be narrowed down to 10 provinces which have experienced sizable quarterly increases themselves.

In Malaga province, average property prices have increased 4.3 percent during the third quarter, while showing an average yearly increase of 1.4 percent. Especially properties with 2 to 5 bedrooms seem to enjoying increasing popularity among buyers.

Related posts:

  1. Spanish Property Prices Continue to Fall
  2. House Prices in Spain Seem to Have Bottomed Out
  3. “Resale asking prices down 0.9pc in Q1″
  4. Property prices fall across Europe



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