Property prices in luxury markets in Spain holding steady, according to new analysis
Property prices in Spain’s luxury real estate markets have continued to remain steady over the past six months, according to the latest half yearly analysis.
Figures from Barcelona based real estate agency Lucas Fox shows the number of transactions is increasing across all its regions as the gap between asking and sales prices continues to narrow.
International clients account for around 90% of all Lucas Fox sales, with interest from Far East and Middle East investors continuing to gain momentum. Following a slight dip in numbers over the past few years, Northern Europeans have returned in to the market, thanks to low prices and attractive investment opportunities.
The firm reports that in Barcelona there has been a steady upswing in sales in the first two quarters of 2014 compared to the same period last year. Northern Europe and UK buyers are still dominant but with increased interest from non-European investors, particularly from the Middle East and Far East
The Lucas Fox Barcelona office is currently generating approximately 30 offers per month, with approximately two out of every three being converted into sales and prime property sales price averages ended the second quarter of 2014 on €4,237 per square meter, slightly up on 2013
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