New Build Homes have Appreciated by 148% over the Last 25 Years

16 April 2020 – Brainsre.news

New build homes have experienced a significant increase in value over the last 5 years. According to data from Sociedad de Tasación, new build properties appreciated by up to 148% between 1995 and 2019, despite the severe decrease suffered by the real estate sector following the 2008 financial crisis.

Specifically, the average unit price of new build housing in Spain amounted to €989 per square metre in 1995, whereas in 2019, that value had risen to €2,453/m2, according to data from ST.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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