Renovating properties – the key for the capital luxury sector in 2018
The luxury housing market is brilliant. According to data from Lucas Fox's latest market report, a real estate agency specialized in these kinds of properties, the highest point since the housing crisis is the sale of new buildings in Barcelona and Madrid. This new analysis shows that 50% of the total sales in both cities included these types of houses. propertyfinder qatar Moreover, with an average selling price of EUR 830,000, the total number of transactions the company was part of grew by 39 percent in 2017, 14 percent higher than in 2016 (when it was EUR 730,000). Madrid's transactions have grown most, with interannual growth of 92 percent. Followed by Valencia, sales increased by 86 percent. Despite political uncertainty at the end of the year, in Barcelona the sale of properties grew by 24%. "Official data indicates that the market has recovered from the 2008 crash, and the number of transactions in some areas is reaching levels similar to the previous crisis, but...