PROPERTY prices in Spain have increased by 3.8% in the first quarter of 2018 year-on-year, with Madrid leading the way.

The capital saw prices increase by 17% in the first three months of this year compared to the same period in 2017.

Palma de Mallorca wasn’t far behind, with a 14.7% price increase.
They were followed by Barcelona with a rise of 11%, and Pamplona with 10.4%.
Meanwhile, transactions in Madrid and Barcelona are at their highest level since the property crash, according to real estate agency Lucas Fox.

New homes accounted for 50% of the agency’s total sales in the two cities and transactions across all Lucas Fox’s offices in Spain increased by 39%.