New-build or resale property in Spain? The pros and cons explained
Spain’s property market offers a wide range of opportunities for buyers, from modern new-build developments to traditional resale homes with plenty of character.
Is it more expensive to buy a new build or used home in Spain?
Housing prices continue to rise. The shortage of housing stock, both for sale and rent, has been pushing prices up for years, leading many potential buyers to ask: which is more expensive in Spain – a new build or a used home?
This is the price development for each neighbourhood in Madrid and Barcelona
The two major housing markets in Spain ended the last year in very different ways.
House prices rise by 0.8% in October, but fall in Barcelona and Madrid
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 used homes in Spain rose in May and the year-on-year increase was close to 8%
The price of used housing in Spain increased by 0.8% in May 2018, reaching 1,645 euro per square metre, which is 154 euro per square foot, according to the latest idealista real estate price index.
Used housing prices rose 0.7% in April: Madrid is the most expensive province for the first time
The price of used housing in Spain increased by 0.7% in April, reaching 1,632 euro/m2 or 152 euro/sq ft, according to the latest idealista real estate price index.
Is it better to buy a new construction or a second-hand property?
When it comes to buying yourself a home, the choice of whether to buy new or used is an important one.