(1888PressRelease)
July 20, 2007 - 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.
Property type with % change over last 1/4
1 Bedroom House ▲ 4.6
2 Bedroom House ▼ -1.2
3 Bedroom House ▲ 5.6
4 Bedroom House ▲ 7
5 Bedroom House ▼ -13
6 Bedroom House ▼ -2.8
7 Bedroom House ▼ -1.6
1 Bedroom Flat ▼ -4.4
2 Bedroom Flat ▼ -1.6
3 Bedroom Flat ▲ 3.1
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 dot com or visit the website www.isutus.com
