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Spanish House Prices Reach Highest Level in a Decade

A residential apartment block in Barcelona, Spain. 

A residential apartment block in Barcelona, Spain. 

Photographer: Angel Garcia/Bloomberg

The average asking price for Spanish homes rose to €2,011 per square metre in September, the highest level since May 2012, as buyers look to make purchases before further increases in mortgage rates.

Prices climbed 6.3% compared to the same month a year earlier, the biggest annual increase since April 2019, according to figures published by property website Fotocasa yesterday.