11 Feb, 2015 @ 12:28
1 min read

Value of new build properties decreasing at slower rate in Spain

PropertySPain e

PropertySPainPRICES of new-build properties are decreasing at a slower rate for the first time since the financial crisis.

The real estate valuation firm Sociedad de Tasacion reported that the rate of market price decrease has slowed considerably, dropping by just 0.4% in the second half of 2014.

Across the year, average newbuild prices dropped by 2.2% to €1,994 per metre-squared.

This decrease was 7.8% in 2013 and since 2007, the average price has fallen by a total of 40.2%.

However, the report concludes that market price is likely to continue decreasing this year, as demand for new-builds remains low.

Tom Powell

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

Operation Edu seizes 15 people for fraud in Andalucia

DrownedBoy e
Next Story

UPDATE: Three-year-old boy was drowned in Malaga

Latest from Business & Finance

Go toTop

More From The Olive Press