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Spain Property Investment News
Spanish prices hold firm
Property prices in Spain have stayed at the same level during May, despite fears of a slump, according to a real estate cost index.
The monthly kyero.com Spanish House Price Index shows that the national average property price is still €250,000 or £169,463, reports easier.com.
Some fluctuation is evident in the market, unsurprisingly - prices in Girona in the north-east, for example, have soared to €434,000 (£294,324), a 9.5 per cent rise in the last year.
However, the popular tourist spot of Fuerteventura has seen an 11 per cent decline in housing prices in the first quarter of 2007, down to €235,000 (£159,369).
The index showed an impressive performance from Alicante, with a ten per cent price rise since the start of the year.
Housing in the coastal region is now valued at €254,000 (£172,214).
The kyero.com figures go some way to justifying recent expert comment on the Spanish property market, with the market evidently experiencing the fluctuations to be expected from an established market.
Fears of a crash seem to have been allayed and although price rises are unlikely to reach the heights of the 2006 boom, growth should remain steady across the country.
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