Malaga property prices continues to rise. A recent report by the Spanish Housing Ministry indicated that average apartment prices in Malaga increased by over 28% in 2004 - 10% more than the national average. Increases for all areas were:
- Malaga - 28%
- Valencia - 23%
- Seville - 21%
- Madrid - 20%
- Barcelona - 19%
- Zaragoza - 18%
- Asturia - 10%
- Navarra - 10%
- Canaries - 10%
The average property price per sqm in Spain is EUR 1,614.
Prices rises are consistent with a recent report stating Spain as the most popular destination for overseas property sales. 48% of all British citizens seeking to buy abroad are considering Spain, followed by France (47%), USA (28%), Italy (27%) and Portugal (20%).
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