The latest quarterly figures from Tinsa show a nationwide increase in property values of 4.9% with prices up 8.4% in Málaga and the Costa del Sol.
The latest quarterly report from the leading Spanish valuation firm Tinsa reveals an average 4.9% increase in Spanish residential property values during the third quarter of this year compared to the corresponding three months in 2017.
Encouragingly almost all of Spain’s autonomous communities, aside from Cantabria, recorded positive growth figures between the months of July and September this year. Madrid witnessed the greatest increases with growth of 13%, closely followed by La Rioja with 11.8%, the Balearic Islands, Navarra and Murcia made up the rest of the top five spots with growth of 9.9%, 8.7% and 7.9% respectively.
Growth in Andalucía was slightly higher than the national average with home prices increasing 5.1% in the third quarter, however the star performer in Spain’s most southerly region was the province of Málaga with property values in the home of the Costa del Sol increasing 8.4% during the three month period, almost twice the aforementioned national average.
The quarterly figures, which first began registering increases two years ago in Q3 2016, demonstrate a market that is maintaining its momentum with sustainable and continued year-on-year growth, both on a national and regional level in Andalucía.