THE PRICE OF THE HOUSING IN SPAIN WILL CONTINUE CLIMBING IN SHORT TERM

A recent study reports the following:

·         In 2018, the average price of housing in Spain will rise by 6.1%

o   Canary Islands: + 8.9%

o   Andalusia: + 5.3%

o   Valencia: + 5.4%

o   Madrid: + 7.1%

o   Catalonia: + 10.5%

·         Luxury house:

o   Average price between January and June 2018: € 6,700 / m²

o   Increase with respect to 2017: 3%

o   Large luxury centers (Costa del Sol, Costa Brava, etc.): almost € 10,000 / m²

·         Purchase sales will increase by 7.2%, exceeding 570,000

·         The value of real estate will be 16.6% higher than in 2013

·         Transactions between individuals account for 74% of the total

·         Residential intermediation reaches a volume of about 1,200 million euros per year