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Back HomeLuxury Real Estate on the Rise in Spain
TOP range homes are flying off the property market in Madrid.
The capital’s luxury residential market is the second fastest growing market in Europe.
A year-on-year price increase of 6.2% puts Madrid’s market behind only Monaco’s (7.9%), according to Prime Global Cities Index.
Across Europe, prices have risen by 0.8% on average.
Luxury holiday rentals are also on the rise.
Home rentals between €3,000 and€8,000 are up 10% across the country.
Holidaymakers heading to the Costa Brava and Ibiza are the most likely to opt for a luxury break, while upmarket short-time rental properties stood at 80% occupancy in Spain throughout July.
Russians accounted for the largest percentage of high-value renters.
Source: http://www.theolivepress.es/spain-news/2015/08/25/luxury-real-estate-on-the-rise-in-spain/
© Jackson Lieblein, LLC 2015.
