House prices continue rising. Set to carry on increasing over next year.
House prices continue to rise in Valencia and set to further increase
According to a study made by The School of Real estate Agents of Valencia (API), resale property prices have risen once again in the third semester this year. The data has been extracted from a database of more than 4.500 registries in the Valencian community. The study has been compiled from the “real” prices of properties of houses that have actually been sold.
The data points to a rise of 22,84% over the last 12 months. The average price is now around 1.694 €/m2 (constructed). This increase corresponds to a rise of 7%. The Valencian Community is now increasing at an annual rate of roughly 20%.
The surrounding areas of Valencia city have benefited the most with an increase of between 25-30%. North Valencia has enjoyed the biggest jump with a 32.82% increase closely followed by Valencia south with a 30.87 % rise and Valencia East reporting a 26.12% increase.
Burjassot, a town northwest of Valencia reported a growth of almost 33%.
In the city of Valencia the prices have increased by 8% in the last semester
The average price in Valencia city is now 2.307 €/m2 which represents an increase in the last twelve months of 33%. The rise over the last semester is of 8%. Areas around the America's cup have had a quarterly growth of 23.77% which reflect the mood of the city as the sailing teams came and competed in the preliminary acts. As the America's cup intensifies we can foresee the demand increasing and therefore prices continuing to go up, specially considering that house prices are still below the national average.
According to leading property valuers prices are set to increase by at least 10 % next year in the whole of Spain.
www.villasvalencia.com
According to a study made by The School of Real estate Agents of Valencia (API), resale property prices have risen once again in the third semester this year. The data has been extracted from a database of more than 4.500 registries in the Valencian community. The study has been compiled from the “real” prices of properties of houses that have actually been sold.
The data points to a rise of 22,84% over the last 12 months. The average price is now around 1.694 €/m2 (constructed). This increase corresponds to a rise of 7%. The Valencian Community is now increasing at an annual rate of roughly 20%.
The surrounding areas of Valencia city have benefited the most with an increase of between 25-30%. North Valencia has enjoyed the biggest jump with a 32.82% increase closely followed by Valencia south with a 30.87 % rise and Valencia East reporting a 26.12% increase.
Burjassot, a town northwest of Valencia reported a growth of almost 33%.
In the city of Valencia the prices have increased by 8% in the last semester
The average price in Valencia city is now 2.307 €/m2 which represents an increase in the last twelve months of 33%. The rise over the last semester is of 8%. Areas around the America's cup have had a quarterly growth of 23.77% which reflect the mood of the city as the sailing teams came and competed in the preliminary acts. As the America's cup intensifies we can foresee the demand increasing and therefore prices continuing to go up, specially considering that house prices are still below the national average.
According to leading property valuers prices are set to increase by at least 10 % next year in the whole of Spain.
www.villasvalencia.com
posted by Villas Valencia at Wednesday, December 07, 2005
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