Rent prices in Spain continued to rise in September to €11.8/m2 per month, an increase of 9.3% year-on-year and 1% below the national record (August 2023).
Although the real estate market does not stop during the summer, some buyers wait until September to finish looking at and negotiating property prices.
Real estate agency Benham & Reeves' study estimates that foreign-owned homes in England and Wales are worth £78.8 billion (€90.5 billion). Hong Kong nationals have the largest residential wealth (£10.8 billion), followed by Singaporeans (£7.2 billion) and US nationals (£5.1 billion).
Uncertainty, inflation, and rising mortgage rates are taking their toll on the UK residential market. And in the capital, London, it is already causing house prices to fall.
The UK housing market remains on a downward path, with prices in June falling by 2.6%, confirming their fastest annual rate of decline since June 2011.
The appraisal company Euroval predicts a rise in property prices in Spain over the next three years. On average, it forecasts that the average price will rise by 6% between 2023 and 2025, to reach €1,809/m2 by the end of the period analysed, compared to the €1,706 at which it closed in 2022.
It's coming close to two years now since the coronavirus pandemic interrupted a lot of our day to day life and put a brake on much of the world economy.
There has been an increase of 0.8% in the price of used housing in Spain in October 2018, standing at 1,726 euro per square metre, or 160 euro per square foot, according to the latest idealista real estate price index.
The price of rented housing in Spain fell by 1.3% during the third quarter of 2018, making the current average price per square metre 10.60 euro per month, which is 0.98 euro per square foot, according to the report on the development of rental prices published by idealista.