Spain Real Estate News

Real estate prices in Spain continue to trend downward, although luxury properties are retaining their value and more foreigners are purchasing homes in the region. Tinsa, a Spanish appraisal firm, reports prices are down 7.4% in the last 12 months, and are declining to an ever greater degree in the country’s largest cities, with values declining as much as 31.9% from their historical peak.

High-end real estate, however, is doing well in the country. Places like Mallorca along the Mediterranean coast enjoy a strong market with plenty of demand, according to Sotheby’s International Realty.

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