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What does Spain's high-speed-train system (AVE) have to do with the housing market, and why did I include an article about it this week?
The short answer is that all major infrastructure investments in Spain have a long term impact on the economy of the country and the value of its housing. Properties which are well-served by international flights attract a price premium, and so will properties within striking distance of an AVE station.
Click the map for a bigger image of AVE routes and stations or view this comprehensive article on Wikipedia.
If I'm right about the price of properties near AVE stations, I hope that our new pricing data will help you find bargains in those areas.
One of the problems we've been wrestling with is how best to present the quantity of pricing data we've amassed over the years (we've produced over 5 million points of data by updating our house price stats every month since 2005).
Hopefully, these new features, released only yesterday, will make it easier for you to dive in at the level you need without getting bogged down in too much detail.
You can find links to this new data from every property page and every property results page - just look for these About links at the bottom of the left-hand column.
These links are always relevant to wherever you are currently searching or viewing properties, and link to more information about that particular town, province or region.
Clicking that house prices link will display this page about house prices in Malaga province. Here's what you'll find there
We now show when we do not have sufficient data to reliably display an average price
The quarterly average price is the biggest number, going back to 2005
Each quarter is compared to the province or regional average price
Each quarter is compared to the national average price
The current year is highlighted
The latest quarterly figures are summarised with links to province, region and national averages where appropriate
Average prices can be broken down even further by size of property
The original PDF house price index is still available for those who prefer a consolidated 'big picture' report
I hope you find this new layout more comprehensive without being overwhelming. Love it or hate it, please let me know so that we can make whatever adjustments are necessary to make this as useful as possible.
Back to my train hypothesis - take a look at these house prices for towns close to AVE stations already in operation - see how they outperform their provincial averages in - Seville and Cordoba?
Of course, these are pretty sizable cities so you would expect housing there to command a premium. It will be interesting to see how prices in other towns change as their AVE stations come into operation.
Martin Dell, Kyero.com
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