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Spanish property prices and sales increase in Q2

Figures from Spanish notaries have confirmed that the country’s property market’s recovery continued in quarter two of 2016.
Across Spain, the average market price and the number of sales went up. In the year from quarter two of 2015, the number of sales rose by 13.3% to reach 122,776. Meanwhile, the average price per square metre of property increased by 1.3% to €1,314 (£1,180).
The Balearic Islands saw the biggest year-on-year rise in the number of property sales, increasing by 27.8%. The Catalunya region saw the second largest increase, rising by 25%, while Extremadura property sales rose by 21.7%.
Meanwhile, the only regions to report falls in the number of property sales were the northern autonomous communities of Navarra, which saw a drop of 20.4%, and La Rioja, where there was a decrease of 2.7%.
The largest increases in the price of property was found in the Canary Islands, where average prices rose by 7.7%, and Madrid, which saw a growth of 4.9%.


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