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Property prices have risen by 1.8% on Spain's Mediterranean Coast during the first 6 months of 2015 according to Tinsa .
The statistics were released by Tinsa, a leading spanish valuations company, and show coastal property prices bucking the trend with prices dropping nationally by 1% from January to June. However, the coasts weren’t the only areas to register price rises and the Balearic and Canary Islands recorded an impressive 4.4% increase in prices for the first half of the year.
Positive signs have become increasingly evident though on the coasts with new development beginning to spring up again and localised recoveries acting as pre-warnings that the situation was improving.
Demand has started rising again, confidence is back and, although it may be a while before we see a wholescale return of Spanish national buyers to the second home market, there are signs that they are re-entering the market with the current scale of price discounts providing a significant allure, particularly as it now seems to be a matter of time before such bargains disappear.
Bron : News section Fuster association
