The latest figures from the Property Registrars in Spain show a rise of 1.15% in average residential property prices across Spain in the third quarter of 2014 compared to the same period in 2013, marking the first time this index has edged clearly into positive territory since the Spanish housing bubble burst.
Transaction levels are up 1.4% from Q2 2014 to Q3 2015, to 79,561 sales. Resale properties accounted for 52,127 sales, almost double the number of new builds sold, 27,434. Resale transactions were up 4,268 on Q2, a quarterly rise of 8.92%, with a fall of 10.36% in new builds.
Regionally, Andalucia saw the most sales with 16,006 transactions, followed by the Valencia (12,189), Catalonia (11,975) and Madrid (10,883).
In the 12 months to the end of Q3 2014, foreign buyers bought 30,708 properties in Spain, up 23% on the same period the previous year. British buyers purchased the most in Q3 (1,886, 18% of the total) up 37% on the same period last year. The French, Russians, and Germans are the next most active foreign nationals in the Spanish market.
