The sales prices of Spanish owner-occupied homes in the second quarter of 2021 were on average 3.3 percent higher than last year. This applies to both new houses and existing buildings. This makes Spain one of the lowest risers in house prices in the European Union. That is why we advise our customers to buy before the end of this year because prices will rise quickly as elsewhere in Europe.
Countries where the increase was even lower, such as Romania (+3%), Italy (+0.4%) and Cyprus, the only country in the EU where house prices fell (-4.9%).
The Netherlands had +12.8% after Estonia (+16.1 percent), Denmark (+15.6 percent), the Czech Republic (+14.5 percent), Luxembourg (+13.6 percent) and Lithuania (+13, 3 percent) the largest increase, while in Belgium it was +7.4%, putting Belgium just above the EU average of +7.3%.
This year, house sales in Spain have increased by 37% compared to the same period in 2020. So it is selling well! In August, 49,884 homes were sold in Spain, 57.9% more than in August 2020 and the highest number in an August since 2007, according to monthly figures from the Spanish Statistical Office (INE).
So if you have plans to buy a house or maybe a second home in Altea, Albir, Calpe, Benidorm on the Costa Blanca, this is the right time! Please feel free to contact us to discuss your options discreetly.