House prices in Spain are rising at the fastest rate in 2.5 years!

According to the National Institute of Statistics, in the 3rd quarter of 2024:
Price growth: +8.1% year-on-year — a record for the last 2.5 years!
New housing: increased in price by 9.8% year-on-year.
Resale housing: prices rose by 7.9%, continuing their steady growth since 2014.
Leaders in price growth by region:
- Navarre: +10.7%
- Andalusia: +10.6%
- Aragon: +10.3%
Also high rates in La Rioja (+9.2%), Murcia (+9%), Cantabria (+8.9%), the Valencian Community (+8.8%) and others
Madrid and Catalonia showed more modest results — 7.2% and 6.8%.
The Balearic Islands — the lowest growth: +5.8%.
What does this mean for the real estate market?
Stable demand and gradual price increases make buying a home in Spain an increasingly profitable long-term investment!