News: The latest House Price Index (HPI) – good news for international growth
Having fallen sharply through 2012, and stayed fairly stagnant for most of 2013 and 2014, prices have been rising slowly but steadily since then. And that growth seems to be speeding up in recent months, which is great news for investors, vendors and agents.
Annual growth in sales was up 6.6% year on year in Q3 of 2017, putting prices back up to early 2012 levels. The bulk of this was driven by Madrid and Catalonia – both of which are traditionally strong growth areas – as well as the Balearics, with all showing an increase of nearly 10%.
The good news for agents targeting the international property market is that the areas that have seen the strongest recovery since the slump are those which are most popular with foreign buyers.