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New Build Homes Hold Their Value on the Mediterranean Coast

The price of new homes grew by 2% on average during the first half of 2020 in Andalucía, Valencia and Murcia.

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A home on the Costa Blanca.

For the time being at least, new build homes are resisting the downward pressure on prices despite the crisis caused by the Covid-19 pandemic. This is particularly true for new build homes along the coastal stretches of the Mediterranean Arc, areas characterised by second homes and international buyers.

In this way, during the first six months of 2020, with a second-quarter defined in its entirety by the shutdown caused by coronavirus, the price of new-build homes in Andalucía, Valencia and Murcia grew by 1.9%, 2.9% and 2.3% respectively, according to Sociedad de Tasación.

Read the full article in Spanish.

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