Spanish housing market roars on

The Spanish housing boom continues. Residential property prices increased by 12.1% in 2005, lower than 2004?s growth of 17.2%.

Spanish house prices have increased by 120% since 1999, with strong rises in 2003 (17.6%), 2002 (18.1%), 2001 (14.8%), 2000 (14.9%), and 1999 (12.4%).

From 1999 to 2005, house prices rose by 150.5% in Andalucia, 136.4% in Madrid and 133.4 in Valenciana. The residential real estate sector is set for another strong finish in 2006 with first quarter figures showing a 12% (7.7% in real terms) y-o-y house price growth.

Foreigners can freely buy properties in Spain, and there has been much foreign investment in Spanish property.

There are, of course, other countries that are real hotspots for investment such as Bulgaria, Panama, etc. In your opinion, which country is the top real estate hotspot in Europe today?

giorginna

In Europe, bulgaria.

In Africa, Morocco.

but my favorite is the stunning Montenegro!

Spain is still very much a hotspot, this article you posted is very informative.

Thank you, but obviously there’s more to this insight than meets the eye. Spanish market is oversaturated. It has been since 2005.