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House Prices Rose in 61% of Coastal Municipalities in Q1

In Ibiza capital, the average house price was 19.8% higher than the peak of 2007 and in the Costa del Sol the pre-Covid-19 upward trend was maintained.

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The residential market on the Spanish coast was characterised by stability and active demand in 2019, both from domestic and overseas buyers, although some signs of a slowdown were already apparent in areas where the recovery began sooner even before the pandemic.

In terms of the markets that have not lost any of their dynamism, Ibiza capital stands out. There, average house prices are 19.8% higher than their peaks of 2007. Moreover, the growth in house sales and new build permits continued there last year, according to a report on coastal housing prepared by Tinsa.

Read the full article in Spanish.

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