Consulting company, Knight Frank, presented a rating of cities, where it is clear that the leaders in the growth of real estate prices in Spain are the following:
- Malaga (7.6%)
- Seville (3.9%)
- Valencia (3.4%).
It occupies positions 83, 115 and 119 in relation to the highest growth in the world. In two other Spanish cities (Madrid and Barcelona), the growth was 2.9% and 1.3%, which allowed them to take 121 and 136 places in the ranking.
«What happens next will depend on the speed at which interest rates begin to rise, the impact of omicron and the persistence of higher inflation, which can reduce disposable income and weaken the mood of buyers», said Carlos Zamora, Partner in the residential direction of Knight Frank Spain.
As for Spain, the consulting firm is fully confident that the real estate sector continues a confident path of recovery in 2022.
«We have registered the highest activity in recent years. There are still excellent investment opportunities in the Spanish market, and changes in housing construction trends may continue to stimulate demand during 2022», Carlos Zamora stressed.