Have prices started to rise?

In recent months we have seen how some of the “star” promotions sold by QSD Group are on sale for higher prices than in the past. El Bosque, the spectacular apartment complex at Punta Prima, has seen starting sale prices increase from 97,000 euros to 115,000 euros. The Rocío complex of high quality town houses in Villamartín, has seen starting prices rise from 99,000 euros to 109,000 euros, and there are many more examples like these. Does this mean that prices have gone up?
Although it may appear so, this is not the case. The explanation is very simple. When house prices on the Spanish coasts crashed a year ago, there was a general fall in prices of, in some cases, as high as 30%. At the time a same promotion included some more expensive properties and other cheaper ones, depending on location, views or surface area. As prices in general fell, the value of all properties decreased by a particular percentage, which meant that there were still homes at different prices in each project. The first to sell were the cheaper ones, which means that when we look at the homes on offer in some promotions it seems as if prices are going up, because the “starting price”, that is the price of the cheapest property on the list is higher than at the beginning of the crisis. So when these projects are listed on the internet in a commercial file, it gives the impression that prices are rising when if fact what has happened is that the homes which cost less have already been sold.
What we can say is that, while prices are not going up, what is happening is that the cheaper properties are selling fairly fast, leaving the more expensive units pending sale for the moment. Also, these houses still pending sale are the best, not for nothing were they the most expensive, and they still represent a good buy as the reduction percentage in their price is the same as that of the cheaper properties.