THE price of re-sale homes rose 0.3 per cent in the third quarter in the Valencia Region with Denia seeing an 11.1 per cent increase.
The average price of re-sale property stood at €1,309 per square metre in the third quarter, representing an increase of 0.3 percent from the previous quarter. This value remains 20.6 per cent below the Spanish average which was €1,647 per square metre, a fall of the previous quarter by 0.5 per cent. This was the lowest drop in prices in the last four years according to the report by Fotocasa.es
In Alicante province, prices rose 1.6 per cent with the largest increase recorded in Denia of 11.1 per cent. The average price in Alicante province is €1,333 per square metre, compared to €1,327 per square metre in Valencia and €1,146 in Castellon.
For those looking to buy, Valencia Region remains amongst the cheapest for property, coming in fourth in the country with Murcia, Extremadura and Castilla La Mancha being the only regions with cheaper prices.