The Spanish property market expanded in March according to latest house sale figures from the National Institute of Statistics (INE). In March, residential property sales totalled 33,632, up 8.2% compared to the same month last year. It will take a few more months to establish whether a true growth trend is emerging but this is the third consecutive month that the market has experienced growth, suggesting rising confidence in the Spanish property sector.
For the first time in over a year, resales have overtaken sales of new builds just as they should do in a healthy market. According to INE the property sales are currently being driven by Madrid and Barcelona where real estate sales have increased 30% and 41% per cent on an annual basis.
Barcelona is a beachfront city that, along with its coastal areas, is regularly voted one of the best places to live in the world. It is a cosmopolitan city and a fantastic place to live, work and visit. Everyone is captivated by the city’s urban old world charm. Barcelona is arguably one of the finest of European cities.
The range of property for sale in Barcelona is diverse; from traditional and contemporary city apartments for sale in Barcelona’s old town to exclusive family homes and modernist mansion houses to buy in Barcelona’s Zona Alta and from sleek modern beachfront villas to apartments to buy in Sitges, Castelldefels and Gava Mar.
Madrid is Spain’s capital and a city of cultural, political and economical importance and is the third largest European economic centre. Madrid hosts the head offices of the vast majority of the major Spanish companies, as well as the headquarters of three of the world’s 100 largest companies. Barajas international airport is one of Europe’s major transport hubs and means that the city has excellent access from Europe and the rest of the world.
Madrid offers an incredible lifestyle, excellent international schools and fantastic transport links to Europe and the rest of the world. The city is also home for the legendary football club Real Madrid.
The range of property for sale in Madrid is diverse, from traditional and contemporary city apartments for sale in the best parts of the centre of Madrid city such as Barrio Salamanca; to family homes to buy in exclusive residential areas such as La Moraleja and Aravaca.
Considering all factors above, it is no surprise that Barcelona and Madrid are the starting points for the recovery of the Spanish property market.
View property for sale in Barcelona by International Luxury Real Estate.
View property for sale in Madrid by International Luxury Real Estate.
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