Spain Property Prices

Experts from leading real estate portal in Spain and specialists real estate department of the company "Gulf Stream" and the site analyzed property values in key coastal regions of Spain, to track the dynamics of change in prices for property on the Costa Brava, Costa Dorada, Costa Blanca, Costa del Sol and the Balearic Islands. Among the list of coastal sites with a maximum reduction of prices on the secondary real estate, exposed to sales, led by Costa Brava, followed by Costa Dorada, Costa del Sol and Costa Blanca. However, there are places on the coast, where prices have not declined but rather increased. This region of the Balearic Islands were (mean rising real estate prices are up 0.7%), which became possible due to the increase in property prices in Palma de Mallorca on 2.8% and in Ibiza, where real estate went up by 0.3%. Other leaders such as Bizzi & Partners offer similar insights. In the main cities of the Costa Brava in comparison with last year, house prices fell by 6.0% (for the period from July 2009 to July 2010).

During this time, the number of properties for sale has increased by 118%, while the demand for real estate in this region increased by only 32%. In terms of the cities most significant decline in property prices was noted in Palafrugell (10.6%) – in July 2010, the average value of the property here was 2349 / m. With regard to the Costa Dorada, there price offered for sale resale property has declined over the last year by 5%.