Rise in Spanish Property Prices

Personally, haven't noticed huge rises, but resale property will always go up in value as new build are very expensive. Its inevitable too after a few years of stagnation in the general property market in Spain.

Most buyers in my area seem to be Belgian , French and from Czech Republic.  So there's definitely been a rise in demand after many Brits shipped out post Brexit. 

However,  it's still a buyer's market,  so offer what you think is reasonable for a property. 

I thought house prices were ment to increase? That way you sell it for more than you paid for it. 

They stopped making land some time ago so I suppose property must go up eventually

My point is the recent hike in Spanish property prices. 

Speak to any reputable property agent who will confirm this hike.

And so many of the  "got to have" buyer's then borrowing much more than they can ever pay back. 

Number of property new builds increasing, cost of building materials/land increasing, cost of new build property increasing. This has an impact on 2nd hand property prices which are now also increasing.

We've been surprised at the prices asked for older property in our village and the speed at which they've sold.

Hello

Most of the apts for sale in my area  ( 1 - 3 bed apts)  have not increased significantly,  just small amounts according to  the amount of modernisation done .

Locally  mainly bought by Scandinavians,+ Ukraine, Polish & Estonian neighbours are the new owners - I doubt there is a mortgage amongst them.

Cheers

Elinspain

I've just had a similar trawl across Kyero and the price we paid for our 3 bed 2 bath townhouse in 2017 is still broadly the same (maybe c5% more) for similar properties now - although it's always difficult to factor in things like condition and exact location simply on a website.

There does seem to have been a more notable rise in apartment prices for 2 bed 2 bath - the gap I recall between these and property similar to ours was prob 30-40k back in 2017 whereas now it seems to be more like 10-20k Euros.

Maybe that is the preferred style of living now such that those properties are the "in thing" but it's all personal preference. Still owning a property in the UK with a flat above it, the perils of leaking washing machines from the flat above etc don't make them my favourite choice - but that is of-course just personal preference.

Similar to what Elinspain said, while we might have been British purchasers we also opted not to have a mortgage on the Spanish property buying out-right at the time. That did meant we had to keep a mortgage in the UK but with our rental income from the UK greater than our other pension income it sort of made sense for us anyway.

In Japan you have mortgages that get handed down from generation to generation if I recall correctly. I still think by UK, and lots of other Western European countries, properties in Spain purchased by 2nd home/holiday home owners are very affordable. As an example, the 4 bed rental property we have in Yorkshire (a family home if you like) would probably re-sell for around 500k. I dread to think what that would cost if buying in London or other Southern UK property hotspots - whereas I could get similar for about half that on the Orihuela Costa!

It's a buyers market. 

A property is worth exactly what someone is willing to pay for it.