Cádiz – Property Prices Soaring

The price of property in Cádiz city went up by 60.7% between 2003 and 2005, according to figures just published by the government, and this makes Cádiz the provincial capital with the third highest increase in property prices in the country. The average rise, nationwide, was 48.5% during the same period, with an average annual increase of 16.2%.

The statistics also show that the most expensive areas for buying property in Spain are not Madrid and Cataluña, as many people would expect, but are now Murcia, Andalucía and Castilla-La Mancha.