Spain's Housing Market on the Rise: What You Need to Know
- nerjawithsanna
- Jan 7
- 2 min read
Updated: Jan 8
The Spanish housing market is booming, with property sales reaching levels not seen since 2007. In October 2024, over 69,000 transactions were recorded, a 51% increase from the previous year. New home sales surged by 83%, while second-hand transactions rose 44%.
Experts credit this growth to improved buyer confidence, lower interest rates, and favorable mortgages. Property prices are forecasted to rise 4% to 10% in 2025, with new builds in high-demand areas potentially seeing increases of up to 15%. Limited supply and high demand are driving this upward trend, particularly in cities and regions with supply-demand imbalances.
The rental market is also under pressure, with rising property prices pushing more people to rent, leading to higher rental costs. Many long-term rentals are being converted into tourist accommodations, exacerbating affordability issues. Despite these challenges, experts argue that the market remains stable, supported by a strong economy and responsible lending practices.
Source: El Economista
In Nerja Centre, Prices Went Up 13.6% Over the Last 12 Months
According to Idealista, from November 2023 to November 2024, property prices in Nerja increased by an average of 4%. However, some areas, like Nerja Centre, saw remarkable growth, with prices climbing 13.6%. This significant rise is likely due to the growing trend of buying, renovating, and reselling properties in the area. Other neighborhoods, such as Capistrano, also experienced notable price hikes, with a 7.5% increase over the same period.
With limited space for new developments and increasing demand for properties in Nerja, this upward trend is expected to continue into 2025, making it an attractive yet competitive market for buyers.
Why Choose Nerjawithsanna for Your Property Shopping Needs?
Navigating the property market in Nerja can be challenging, but with Nerjawithsanna, you gain a trusted partner on your side. Here’s why our Property Shopping Service stands out:
Access to All Properties: We work with all the real estate agents in the area, ensuring you see every available option.
Save Money and Time: Our expertise streamlines the buying process, saving you both time and unnecessary expenses.
Avoid Pitfalls: With our guidance, you sidestep common mistakes and challenges.
Find Your Dream Property: We focus on finding the perfect property for you—not just what someone happens to have and wants to sell you.
Fair Market Prices: We ensure you pay the correct market value, with our customers typically saving between 4-8% compared to the buyers that decide to act directly with the real estate agents.
We Are on Your Side: Unlike real estate agents whose primary obligation is to the seller, our priority is protecting your interests.
Choose Nerjawithsanna for a seamless, stress-free, and rewarding property-buying experience in Nerja!
Get in touch: info@nerjawithsanna.com and we will get back to you in 24h.
