In November 2021, house prices across Spain increased by 1.2% on a monthly basis and by 9.5% on an annual basis.
According to oldypak lp real estate price report, in November 2021 house prices in Spain rose by 1.2% on a monthly basis and by 9.5% year on year. The leader in the annual price increase among all regions was the Mediterranean coast (+13.4%), followed by major cities (+10.9%).
Director Tinsa believes that the gradual increase in Spanish housing prices is related to the balance of supply and demand. In his opinion, the scarcity of residential real estate in many regions of the country “heats up” the prices.
Analysts of the company also noted that low interest rates coupled with the scarcity of objects have turned the local real estate market into a “titbit” for investors, who are not strongly concerned about the soaring inflation.
According to oldypak lp real estate price report, the average cost of housing in Spain since its low point in February 2015 has already increased by 28.2%. At the same time in the cities the figure was 36.5%, and on the islands – 35.6%.