PROPERTY: Malaga is the city in Spain where house prices are rising the fastest

MALAGA, Sevilla and Valencia are the Spanish cities where house prices have risen the most in 2021.

This is according to a study by UK estate agent Knight Frank, which has analysed the estate markets of 150 cities around the world.

The report highlights that Malaga with a 7.6% rise, Sevilla (3.9%) and Valencia (3.4%) are leading the way in Spain.

However, these increases are far from the average 10% increase in the cities analysed world-wide.

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The three Spanish cities occupy positions 83, 115 and 119 respectively.

The other two Spanish cities analysed, Madrid and Barcelona, experienced increases of 2.9% and 1.3%, making them 121st and 136th in the ranking.

The Turkish city of Izmir (34.6%) and the New Zealand city of Wellington (33.5%) recorded the largest increases globally. 

In contrast, Kuala Lumpur (-5.7%), Venice (-5.3%) and Genoa (-3.9%) recorded falls in house prices.

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