Reported increases in Spanish property prices have been described as “encouraging” by one expert in the country’s real estate sector.
Ignacio Osle, sales and marketing director of developer Taylor Wimpey de Espana, commented that figures showing price rises in certain parts of Spain, “Although Spanish property prices are yet to catch up with the highs seen in 2007, the price increase is nevertheless an encouraging sign for investors in the market.”
He cited a recent study that revealed home values in locations such as Costa Blanca, Costa Calida, Alicante and Murcia are on the rise.
“Alicante, for instance, has experienced improvements in its infrastructure, seeing a second airport terminal open, which is always good news when it comes to attracting more visitors,” Mr Osle added.
The firm also pointed out that the latest figures published by the Spanish government show that the number of property sales increased during the second quarter of the year, compared to the first three months.
However, data released by the country’s National Statistics Institute relating to real estate transactions in July indicate that the market is once again slowing down, with the number of sales falling on both a month-on-month and annual basis.