According to Spanish property expert and author Sean Woolley, "It's time to talk about Brexit"
The COVID-19 pandemic has been all that we have been thinking about since March, but as we enter the final quarter of 2020, the end of the transition period for the UK to leave Europe is fast approaching and things are going to change.
Data released by online property portal Fotocasa on Thursday also showed rent in the Catalan capital of Barcelona fell 4.6%, while prices in other tourist hotspots Seville and Palma de Mallorca dropped 4.1% and 3.5% respectively.
Fill vacant rental units with tenants or we will take over your properties, the city is warning landlords.
Estate agents are reporting a surge in online searches for overseas properties as locked-down Britons rethink where they want to live, or indulge their fantasies of owning a bolthole in the sun.
The highest rises were in Navarra region at 25%, Andalucia at 12.9% and Valencia at 12.2%, with the capital Madrid seeing only a 4% increase and the Catalonia region, including Barcelona, 6%.
In last data to be collected before native transmissions of the coronavirus hit Spain, the residential sector fared worse month-on-month, down 6%, though year-on-year it gained 0.1%.
The National Statistics Institute's House Price Index (IPV) also showed that house prices in the fourth quarter of 2019 dropped by 0.6% on average compared to the third quarter.
This will be one of the first measures geared towards protecting tenants by the new government, which made accessible housing a priority in its coalition manifesto.
In Galicia, where the climate and the housing market are cooler, prices remain attractive to native and foreign buyers alike.
Rents in major European cities are continuing to level out, even in Barcelona, Berlin and Brussels which have recorded the steepest climb in rental prices year on year, the latest data shows.
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