Second-hand home prices in Spain rise 16.2% in a year
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Summary
The Fotocasa Property Index puts the average price of existing homes in Spain at €3,154 per square metre in July, 16.2% higher than a year ago. All 17 regions report annual rises, led by Murcia, Cantabria and the Valencia region.
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The US housing market is in for a wild ride.
— The Kobeissi Letter (@KobeissiLetter) August 1, 2026
As rates rise to new highs, the average interest rate on a 30Y Mortgage is nearing 7%.
In other words, if you bought a home in 2021 at 3% interest, moving to a new home today would increase your rate by ~400 basis points.
Assuming… https://t.co/85uD4Whi9r