Continued optimism on Costa Blanca
Strong sales figures from February show that the Spanish housing market continues its upturn. With a vast increase of 15.5% more sales in February 2015 compared with 2014, it is the sixth month in a row with positive growth for property sales in Spain. Spain’s largest region, Andalusia, accounted for most sales, while Valencia region (including Alicante / Costa Blanca) stood for the highest sales per. capita. This represents 2015 juncture for 12.3% more property sales compared to the same period in 2014.
The Spanish house valuation company Tinsa, has published a new report about housing prices along the Spanish Mediterranean Coast. According to Tinsa (a private company) the market has had a total decline of 48.7% along the Spanish coast. In some places more than others. According to Tinsa the housing prices have now reversed, and are on the way up again. From Mediter Real Estates point og view assessed evaluation companies relatively high in quite a long period, when the prices fell. These figures should not be taken as 100% accurate, but should be read as a trend. An average for a country of Spain’s size takes a long time to move. We have seen very positive trends on the Costa Blanca (Alicante) for some time, while the Barcelona area and Mallorca have not been as hard hit as for example on the Costa del Sol (Malaga).