Property sales bounce back in Spain after last year's pandemic restrictions

Revealed: The 10 most expensive and in-demand neighbourhoods for buying property in Spain - featuring a string of British expat hostpots in Malaga, Mallorca and the Costa Blanca| — Cordon Press image

FRESH signs of a Spanish property market recovery have been reflected in two sets of new figures.

May’s registered property sales figures went up by 22.4% according to official figures from the National Institute of Statistics.

The big increase in sales is of little surprise as deals were heavily reduced in May 2020 by pandemic lockdown restrictions.

The largest hike in property purchases was in the Andalucia region.

In terms of deals per 100,000 inhabitants, the Valencian Community, including the Costa Blanca, came out on top, followed by the Murcia region.

House prices rose by 0.6% in June on an annual basis according to valuation firm Tinsa.

Price rises were noticeably higher on the Mediterranean coast at 1.7%, with large cities and provincial capitals coming in at 1.1%.

GOOD TIMES RETURN AS HIGH-END COSTAL DEL SOL PROPERTY BOOMS

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18 Apr, 2024 @ 17:15

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Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

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