New Market Value Data Shows 4.3% Price Increase for Spanish Properties in October

Spain property prices continues to grow in value 

New Market Value Data Shows 4.3% Price Increase for Spanish Properties in October

The latest data from Spanish property valuation firm Tinsa has shown that the average Spanish property price in Spain increased 4.3% in October of 2017 compared to 2016.

The statistics are for the entire country, meaning there are some regional variations to take note of, particularly the increase of 6.4% in provincial capitals and large cities like Barcelona, Madrid, and Malaga.

An interesting thing to note is that properties close to the Mediterranean coast have only increased 0.9% in market value for October over last year. This is somewhat of a blunt measurement by Tinsa however as anyone who lives on the Costa del Sol can tell you that not every Mediterranean region and resort is created equal.

Costa del Sol properties tend to increase at a steadier pace than in other areas. There are less peaks, but there are also less troughs, meaning that Tinsa putting all Mediterranean regions into a single category is somewhat misleading.

With this said, this category has also seen a 4.3% increase in home values over the first ten years of the year over the same period of time last year. That gives a better picture of how the markets in the Mediterranean are doing.

The market value data from Tinsa was published with a snapshot of different market indicators. Other statistics show that mortgage approvals improved 13.2% leading to August over the same period last year; a 7.91% reduction in employment to date in 2017; and the rather encouraging statistic that property sales have increased 14.3% in 2017 up to August compared to the same period of 2016. 

Study Finds Costa del Sol One of the Best Value Beach Destinations in Europe

Study Finds Costa del Sol One of the Best Value Beach Destinations in Europe

There are 100's kilometres of fantastic beaches on the Costa del sol

A study from the UK Post Office of 19 European beach destinations discovered the Costa del Sol is the third-most affordable resort in Europe.

Even though Sunny Beach in Bulgaria was the top of the polls, it was still impressive for the Costa del Sol to come in third behind the Algarve in Portugal, especially given that the region comes with some of the most luxurious and family-friendly resorts in the world.

The Post Office survey analysed the cost of a basket of the everyday items a family would need on holiday. They found that it would cost £61 for all these items in the Costa del Sol. The basket includes 10 holiday staples such as ice cream, sun cream, and evening drinks and meals.

At the Sunny Beach of the Bulgarian Black Sea, the basket cost just £37, and £58 in the Algarve.

An interesting statistic is that the most expensive location in Europe can also be found in Spain. This shopping basket would cost £131 in Ibiza. So, by comparison, the Costa del Sol is incredible value.

While Marbella and Puerto Banús might not have the reputation and the nightlife of Ibiza, they are still able to stand their ground as far as glamorous clubs goes. In terms of theme parks, beaches, weather, restaurants, transport, choice and culture; there’s a wealth of choice in Costa del Sol.

Not far away from Cosat del Sol is the Costa Blanca, where the tourist basket would be £76; over 25% more expensive than in the Costa del Sol. It’s £89 in Majorca, around 47% higher than in the Costa del Sol.

The top five was completed by Marmaris in Turkey and Paphos in Cyprus. The five most expensive resorts of Europe were Ibiza, Sorrento of Italy, Nice of France, Zadar of Croatia, and the Lisbon coast in Portugal.