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July 2007
PRESS RELEASE
3rd
Quarter price guide from property portal
www.isutus.com
shows what you get for your money in the Spanish Costas.
The
latest report reveals where the most cost effective and exclusive properties lie
in 15 of the Spanish “hot-spots”.
The report
published today, shows some adjustment in property prices over the last few
months compared to the report published in the second quarter. Gran Canaria and
Murcia have benefited from noticeable increases in 3 and 4 bedroom houses.
The average
prices in provinces broken down by property types and number of bedrooms is
completely unique and uses data from almost 5,000 properties in fifteen areas of
Spain, considered as the most sought-after locations by English buyers:
Alicante, Almeria, Barcelona, Cadiz, Cordoba, Fuerteventura, Gerona, Gran
Canaria, Granada, Jaen, Malaga, Mallorca, Murcia, Seville and Valencia.
“This popular
guide, which allows buyers to directly check property prices by location and by
property type, is now reflecting the latest adjustment in property prices which
is invaluable to any would be buyer” says Nick Mason, Marketing Director of
Isutus. “
The report
compares areas by property type (houses and flats) and number of bedrooms, as
well as comparing commercial premises space and land prices.
Quarterly
highlights include:
-
3 and 4
bedroom houses have increased in market value by 5-7 % respectively, while
larger properties have experienced a marked reduction by as much as 13% for 5
bedroom properties.
-
There has
been an increase of 16% on 4 bedroom houses in Murcia.
-
Gran Canaria,
Malaga, Murcia and Valencia continue an upward trend in 3 bedroom property
prices.
-
3 bedroom
flats in Granada are well below the hot-spot average.
|
|
|
% Over last
1/4 |
|
|
|
% Over last
1/4 |
|
1 Bedroom
House |
▲ |
4.6 |
|
7 Bedroom
House |
▼ |
-1.6 |
|
2 Bedroom
House |
▼ |
-1.2 |
|
|
|
|
|
3 Bedroom
House |
▲ |
5.6 |
|
1 Bedroom
Flat |
▼ |
-4.4 |
|
4 Bedroom
House |
▲ |
7 |
|
2 Bedroom
Flat |
▼ |
-1.6 |
|
5 Bedroom
House |
▼ |
-13 |
|
3 Bedroom
Flat |
▲ |
3.1 |
|
6 Bedroom
House |
▼ |
-2.8 |
|
4 Bedroom
Flat |
▼ |
-3.5 |
“This latest
report has enabled us to start comparing some figures with previous data and as
we see it, the property market in Spain remains to be a strong one even taking
into account this re-adjustment. Once again, we advise only using this report as
a useful insight and guide. The report is aimed at giving buyers a quick and
straightforward method of comparing areas when starting their search for a
property in Spain” says Nick Mason. “We welcome any feedback from agents and
clients in these and other areas, which we can include in our next report, to
give an even fuller picture”
Notes to
editors:
** The full
report can be viewed on:
http://www.isutus.com/price_guide/07-07priceguidebybeds.pdf
** Isutus is a
property portal which you can use to search for property all over Spain. Many
properties are automatically uploaded through 3rd parties.
** For more
information about this report, please contact Isutus on
info@isutus.com or visit the website
www.isutus.com
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