After continuous, and sometimes steep, increases in residential rents in major European cities over the past few years, prices now seem to have plateaued and are levelling out, the latest research shows.
Residential property sales across Spain increased by 14% in the first quarter of 2019 compared to the same period in 2018, the latest official figures show.
Cost for apartments has jumped 50% in the past five years. Most smaller cities have yet to recover from property crash.
Finding a bargain...
When Natalia Yavorska and her husband first considered buying a holiday retreat somewhere warmer than their Ukrainian homeland, they were drawn to the Canary Islands.
Prime property prices in Madrid increased by 8.1% in 2018 and are now 46% above the low point in 2012, according to the latest industry report.
Confidence in the Spanish property market stuttered in October 2018 but is now returning with figures for the first three months of 2019 showing that prices and sales are rising again.
Rents in European cities for studios, apartments and rooms are continuing to rise but the growth is beginning to slow, with levels down in the first quarter of 2019, the latest index shows.
Spain’s coastal locations are attracting increasing numbers of mid to high-end foreign buyers as the second home market goes from strength to strength at the start of 2019, new research shows.
Overseas buyers in Spain are becoming more diverse but overall the number did not increase in the final quarter of 2018, new research shows.
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