Spanish property market on the up
The average property in Spain now costs 248,000 euros (£167,890), according to a new survey which suggests the country has plenty of potential for property investors.
Up from the average of 244,000 euros (£165,184) in March, the figure for April in the Kyero Spanish Property Index indicates an upward trend in the country's housing market.
Covering more than 53,000 properties, the index charts performance in regions across Spain, as well as detailing trends within the market.
In Malaga, for example, a particularly positive trend emerged in analysis of property prices, as well as a glut in the number of houses being built there.
Of more than 16,000 properties ÔÇô the largest proportion of Spanish homes in the survey ÔÇô the house price average was 25% above the national rate at 310,000 euros (£209,865).
At the national level one-bed properties cost 145,150 on average in April, while two-bed properties reached 204,000 euros (£138,099).
Three-bed properties cost 270,000 euros (£182,778), while four-bed properties hit 360,000 euros (£243,705).
Again there were distinctions at regional level, with a four-bed home in Malaga going for 515,000 euros (£348,633) on average ÔÇô 43% above the national average.
Spain remains among the most popular locations for property investors, with a recent survey by Moneycorp, a foreign currency specialist, ranking the country number one in the world for property investment enquiries using its service.
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