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Properties in Spain

Property Market Profile

Overall market trends: The Spanish real estate market has been recovering since the financial crisis of 2008-2009, but growth has been slow and uneven. In recent years, however, there has been a surge of interest from foreign buyers, particularly in popular areas like the Costa del Sol and Barcelona.

Property prices: Property prices in Spain vary widely depending on the location, with major cities like Madrid and Barcelona being much more expensive than rural areas. According to data from the Spanish National Institute of Statistics (INE), the average price per square meter of residential property in Spain in Q4 2021 was €1,631.

Foreign buyers: Foreign buyers account for a significant portion of the Spanish real estate market, particularly in areas popular with expats and holiday home buyers. British buyers have traditionally been the largest group of foreign buyers, but in recent years, the number of buyers from other countries like France, Germany, and Scandinavia has increased.

Rental market: The rental market in Spain has grown significantly in recent years, particularly in major cities like Madrid and Barcelona. However, rental prices remain relatively low compared to other European countries, and there is a shortage of affordable rental housing in some areas.

Regulations: The Spanish government has implemented a number of measures in recent years to regulate the real estate market, including new rental laws and restrictions on short-term rentals like Airbnb. These measures aim to increase affordability and stability in the housing market.

Overall, the Spanish real estate market offers a range of opportunities for investors and buyers, but it is important to do careful research and due diligence before making any investment decisions.

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