Spain Used Home Price Growth Slows
Spanish used home prices rose 11.8 percent year-on-year in the third quarter, showing signs of cooling. Property websites report that buyer purchasing power is starting to limit further increases amid strained supply.
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Prices for pre-owned housing in Spain rose 11.8% year-on-year to €2,930 ($3,297) per square metre in the third quarter. The increase slowed from a 16.6% jump in the same period last year, according to a price index published by property website Idealista on Friday. This data comes as the EUR/USD exchange rate hovers near 0.8886, reflecting broader macroeconomic conditions across the eurozone. The deceleration suggests that affordability limits are finally starting to constrain rapid price gains in major urban centers.
