Mallorca set to be Spain’s hottest property destination this year
The capital city of Madrid may be well known for its searing summer heat but this year’s hottest Spanish destination for home-buyers will be the Balearic island of Mallorca, say the experts at leading developer Taylor Wimpey de España, the Spanish division of one of the UK’s biggest home-builders.
Official House Price Index -4.7pc in Q1
After improving all last year, house price declines have started to accelerate again, show the latest figures from the Government (Fomento).
Pockets of optimism
Estate agents start expanding and developers forecast that house prices on the Costa del Sol will surge 20pc to 30pc in 2 years.
Spanish property market grows 10pc in February
The Spanish property market expanded 10pc in February, according to the latest figures from the National Statistics Office (INE).
Spanish House Price Index for Q1 from Kyero
The latest house price index from Kyero.com, a leading property portal, shows a decline in the average asking price from €280K to €270K – a small but significant indication that perhaps vendors are becoming more realistic about what their property is actually worth on the open market.
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