Please find below the latest figures supplied by Tasamadrid, a Spanish appraisal company. As always please remember these are general values given to different areas and can only be used as a general guide to the postcode area where you intend to buy.
As a slight change, instead of posting the latest information from TINSA (a highly regarded valuation company) I will now be posting the updates on the valuations by Tasamadrid. They appear to concur with the valuations given by TINSA, except that it goes by post code, thus given us a better break-down of the different areas. Please remember these are still averages and should be treated as a guide only.
More..
By Tinsa for October are continuing to show a positive trend with year-on-year prices for Spains mediterrenean coast down just 9.9%, the best result since November 2008.
The last positive increase by TINSA was in January 2008 with average valuations along Spain Mediterreanean coast as 2537€/m2. They now stand at 2082€/m2 as of October. That means to date there has been a 17.93% decrease from its height.
As always, please note these figure refer to valuations and not actual sales prices and that these figure refer to the entire mediterranean coast and not specifically for the Costa del Sol.
Regards
Andrew Belles
Note: Although not recent, I thought this article by TINSA would make interesting reading, regards Andrew.
What viewpoint should govern the anticipation principles that a professional Appraiser uses to obtain an estimate of the Fair Value of an Investment Property?
The Fair Value is defined in the I.F.R.S. (International Financial Reporting Standards as: “The best price that can reasonably be obtained by the vendor and the most advantageous price possible for the buyer”.
And it then goes on to add the annotation: In the majority of cases, the Fair Value will be the Market Value.
