News Travel Lifestyle Business Magazine



Post Top Ad

Your Ad Spot

Wednesday, 15 September 2021

Spain: House prices surged in the second Quarter of 2021

According to the latest IPV (Home Price Index) data released by the National Institute of Statistics this week for the second quarter of 2021, the price of both new and used property in Spain is constantly increasing.


Due to the low demand during the covid pandemic, this is to be expected; however, the statistics for the second quarter represents the greatest quarterly growth in the last two years, reflecting the increased activity in the property industry following the end of movement restrictions.

 The cheapest nicest hotels in Andalucia. View deals on Tripadvisor

Start saving your ideas  


The cost of ‘new' housing has increased by 6%, while the cost of ‘used' housing has increased by 2.9 percent, for a total increase of 3.3 percent.


In the Murcia region, the cost of new homes has climbed by 6.8% in the last year, while the cost of used homes has increased by 4%, for a total increase of 4.4 percent.


This is primarily related to supply and demand, with fewer new properties available at the moment, especially in residential cities, as a result of the pandemic's development halt.


Following the epidemic, there has also been a significant shift in the types of residences sought, with detached or semi-detached properties with gardens in out-of-town locations becoming more desirable. Because this type of property is not as common as the deserted inner-city flats, demand is driving up prices.


In the second quarter, the yearly rate of the IPV climbed in all 17 of Spain's autonomous regions. The Canary Islands (6.4 percent), the Balearic Islands (5.7 percent), Cantabria (5.3 percent), and Murcia had the highest average rises (4.4 percent ). The regions with the lowest annual rate increases are La Rioja (2.3%), Castilla-La Mancha (2.4%), and Aragón (2.4%). (2.5 percent ).


Enjoyed this post? Never miss out on future posts by following us.    




Tiqets — tickets for museums, shows and attractions all over the world


Musement — Tickets, Tours, and Activities


QEEQ is one of the fastest-growing online car rental platforms worldwide, listing over 7 million rental cars in around 200 countries


Loveholidays is the fastest growing online travel agency in the UK



VisitorsCoverage provides travel insurance for millions of global travelers in over 175 countries


Hostelworld the global hostel-focused online booking platform


Vrbo is the world’s leading marketplace for vacation rentals, with over 2 million paid listings of vacation rental homes in 190 countries


i'way Online booking system for airport transfers. Since 2009, over 9 million passengers have used the service


FlixBus offers safe and comfortable long-distance travel in Europe

No comments:

Post a Comment

Post Top Ad

Your Ad Spot