14 May 2019
2019 has started strongly with a price increase of 4.35% in the first quarter, which corresponds to a total increase of 8.65% for the last 12 months.
If you compare the prices now against the prices in 2014, then there has been a recovery corresponding to 34%, which means that prices are still about 13% below the peak prices in 2007. This is an indication that you can still make good deal and buy a home in the sun at a price significantly lower than in 2007.
The number of housing transactions increased during the quarter to a total of 133,860, which is the second strongest quarter since the second half of 2008.
The purchases made by foreigners in Spain accounted for 12.20% of total purchases during the quarter, with the largest foreign buying group being British (13.79%) followed by Frenchmen (7.56%) and Germans (6.89%). Swedes (4.45%) end up on a 9th place, which corresponds to 727 transactions (764 transactions the quarter before).
“The price increase over the last four years has been about 35%, and further growth seems likely” says Jerry Kyrk, sales manager for Bjurfors Marbella.
If you are interested, you should probably not wait too long since we have seen price increases around 2% per quarter in recent years.
Although the Swedes bought slightly fewer homes in Spain during the first quarter of 2019, Bjurfors managed to increase its sales in Marbella by 117% in the same period, compared with the same quarter in 2018. A clear indication that Bjurfors is increasing its market share.