Spain’s property market is continuing to improve, as sales rose by nearly 17 percent in July compared to the same month in 2016, according to official figures from the National Institute of Statistics (INE).
Just under 39,000 properties were sold in July, with over 82 percent of the sales being second-hand developments as opposed to new builds.
The first seven months of the year has seen residential property sales rise by nearly 14 percent, with Alicante Province continuing to be one of the key growth areas in Spain.
Meanwhile, the property division of the Sabadell Bank, Solvia, has projected that average house prices will go up by over seven percent through to 2020, with areas like Alicante Province going above the average rise because of the greater demand for property in the region. Bankinter has predicted price rises of up to five percent over the next 18 months.