Looking for Flat

Growth in the Spanish property market is outpacing other countries in the Eurozone, new figures have revealed.

According to a study by Halifax, the average property value in Spain has risen by 100 per cent since 2002, beating the continent-wide average of 40 per cent.

In addition, Spain was found to be the only country that saw faster growth in its property market than the UK, although its average flats prices remained lower.

While a typical property in Britain would cost £187,100, an average Spanish home would market for about £150,200.

However, Spain was outpaced by another country on a year-by-year basis, as Belgium’s average house price rose by 18 per cent over the last 12 months.

This compares with a rise of 14 per cent during the last year in Spain.

The rate of growth in the country has regularly been cited as one of the reasons for its popularity among overseas investors.

A recent study by Bank of Scotland International found that more than a quarter of second homes owned by UK nationals were in Spain (awsome!)

U brits like my country huh!!! Cheers