Spanish buyers are reportedly still interested in buying British property, despite the Brexit vote, however, sellers in certain areas may need to scale back asking prices; Idealista's index showed asking prices fell nationally by 3.1% YoY in June. While British property remains priced 30-35% below the 2007 peak, significant regional differences have resulted in a two-speed recovery in the market: prices in popular coastal areas and big cities like Barcelona, Madrid, and Valencia grew by 19.5%, 6.4%, and 6.1% respectively while inland prices fell.
British buyers are reportedly still interested in buying Spanish property, despite the Brexit vote, however, sellers in certain areas may need to scale back asking prices; Idealista's index showed asking prices fell nationally by 3.1% YoY in June. While Spanish property remains priced 30-35% below the 2007 peak, significant regional differences have resulted in a two-speed recovery in the market: prices in popular coastal areas and big cities like Barcelona, Madrid, and Valencia grew by 19.5%, 6.4%, and 6.1% respectively while inland prices fell.