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Property abroad: Spanish property price rise slow down

01-30-2006 09:26 AM CET | Industry, Real Estate & Construction

Press release from: Dreams2realty S.L.

According to figures released this week by the housing ministry in Madrid. The rise in Spanish property values on a national level slowed down in 2005.

A price slow down is great news for potential buyers in 2006 looking to buy their property abroad along the southern coast of Spain but not so good news for those Spanish property owners looking to sell.
There are some fantastic new development projects available along the coastline at very low prices already. For example: Orihuela in Costa Blanca South there are 3 bedroom Villas with pool and garden , plot sizes 181.70m² to 331.30m², selling for as little as 237,000 euros or luxury apartments with Garden in Torrevieja at an incredible price of €79,000 euros.

In the Picturesque town of Almerimar in Almeria one of the fastest growing markets around at the moment there are 2-3 bed apartments available with sea views for 210,000 euros. More detailed information on these Spanish properties and more can be found on the property data base of http://www.d2rworldwide.com.

The housing ministry claims that last year Spanish property values had their lowest yearly increase for four years, rising by just 12.8 per cent. The ministry says that compared to the 17.2 per cent rise experienced in 2004, things are clearly stabilising and that Spanish property values are beginning to rise at a more acceptable level.
A spokesman for the Ministry said that the last time Spanish property increases were lower was in 2001 when the annual rise was calculated at 11.1 per cent.
The figures coincide with forecasts made by the valuation society at the beginning of 2005, when it said that values would increase by around 10 per cent. BBVA one of the major banks in Spain has forecast a rise of only six per cent for 2006.


Contact Robert Horwood for more insights into this topic. Direct line: 0044 (0)845 2416 745 Email: info@d2rworldwide.com Other helpful information regarding Spanish property can be found at: http://www.d2rworldwide.com/spain_index.php

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