Costa del Sol property sales, rentals & management

Spanish home values in Q1 2019

Spanish home values in Q1 2019

April 18, 2019

Spanish residential property prices increased 4.9% during the first quarter of 2019 compared to the first three months of the previous year, the latest in a long line of quarterly price growth.


Sea and golf view homes for sale in Artola, Marbella

Golf and sea view apartments for sale in east Marbella


It will come as no surprise to anyone that keeps a close eye on the Spanish property market that prices have been witnessing steady and sustainable growth recently, a fact reinforced by this years first quarterly report from the valuations firm Tinsa.

According to the report, both new build and second hand residential real estate values have increased inter-annually for the last ten consecutive quarters. The average value of a Spanish home stood at 1,349€ per square metre during the three month period.

With prices on a national level still some 34.1% below the highest ever recorded in 2017, the report suggests a period of sustainable growth as opposed to a cycle of boom and bust. It also highlights a levelling out of the national market with a moderation in quarterly price increases for the Spanish property markets two driving forces; Barcelona and Madrid, whilst other regional capitals such as Burgos, Valladolid, Málaga, Zaragoza, Valencia, Tarragona and Palma de Mallorca emerge with growth statistics over 10%.

Home prices in Andalucía

Slightly higher than the national average, Andalucía witnessed year-on-year growth of 5.2% in property prices during the first quarter of 2019, the average price per square metre was recorded at 1,235€.

The positive growth in southern Spain is due in large part to the popularity of Málaga. The province, which includes our very own Costa del Sol, registered year-on-year growth of 10.6% for the quarter compared with 3.5% for the next best performing province of Granada. The average price of a home in Málaga now stands at 1,635€ per square metre.