Some Spanish regions on the up

There are certain parts of Spain where a recovery in property prices is occurring, it has been noted.

According to sales and marketing director of Taylor Wimpey de Espana Marc Pritchard, rising Spanish real estate values in locations such as Murcia, Alicante and Costa Calida is "an encouraging sign for investors".

He stated that these regions have experienced "marked price increases" and cited figures from Kyero, which showed that over the course of the third quarter of the year, the average asking price of a home in Spain jumped up.

The organisation revealed that in June this stood at €263,000 (£226,910) and had grown to €266,100 by September.

Mr Pritchard added that Alicante in particular is in a strong position. He pointed to the opening of a second terminal at the airport, commenting that such an improvement in the infrastructure "is always good news when it comes to attracting more visitors".

Last week, chief investment officer at the private banking division of BBVA Enrique Marazuela told the Reuters Global Wealth Management Summit that many of the country's coastal regions have reached a low point in terms of property prices and are beginning to see higher volumes of transactions taking place.
 

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