In Spain the most significant increase in the prices of new buildings in 16 years] is recorde

It made 11% in annual expression. What happened? The prices of the Spanish real estate in the third quarter 2023 grew by 4,5% in comparison with a year before that is caused by the highest rise in prices for new housing for ​​ 16 years, showed official data of National statistical institute of the country (INE). Details. The prices of new housing in the third quarter grew by 11% in comparison with the same period of last year because of the low offer, a great demand from foreign buyers and increase in expenses because of inflation. The prices of secondary housing rose by 3,2% in comparison with...