Property prices still rising: 2017 year-end figures now published
Thursday, April 5, 2018 @ 10:08 PM
AVERAGE house prices increased by 4.3% in 2017 to a typical €1,532 per square metre, or around €153,200 for a large three-bedroomed apartment, according to the Quantity Surveyors' Society (Sociedad de Tasación, or ST).
Figures have just been released for the end of last year, showing that the highest increase in prices was in Barcelona – by 10.2% - and confirming that the Catalunya political crisis has had no negative effect on home values in the region's largest and Spain's second-largest city.
Now having been on the up for two-and-a-half years non-stop, rising by 2.3% in the second half of 2017, the ST's statistics show the recovery which started in 2015 is gradually consolidating itself.
Home value increases have gathered strength, too, given that the second quarter of 2016 showed a year-on-year rise of just 0.3% - considerably lower than that for the end of 2017.
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