Interest in buying a new home surged in Spain across the spring and summer months, converting into increased rates of new mortages as stay-at-home orders galvanised people into searching for bigger, brighter and more self-sufficient places to live.
"This high interest in buying homes means that, for now, prices for non new-build properties aren't falling," the spokeswoman said.
Some 43% of respondents to a company survey said they wanted to buy a home in October compared with 39% in February, she added.
House prices in the westerly region of Extremadura registered the sharpest annual increase, swelling 6.3%, followed by the wealthy regions of the Basque Country and Catalonia, where prices grew by 3.3% and 2.7%, respectively.
Regions such as Navarre and Asturias also figured in the top five real estate gainers of 2020, as buyers factored in local handling of the pandemic alongside newfound priorities including sparse population and abundant natural spaces.
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