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Category Archives: Andalucía

Mortgage Approvals Fell in March

March 2018 mortgage loans avarage

The number of new mortgages approved in March was 26,350. This represents a fall of 5.2%, when compared to the same month in the previous year. The average mortgage amount was 119,783 euros, an annual increase of 4.6%, according to the latest data from the INE. The total value of new mortgages on urban properties Continue Reading

Cost of Renting Increased Again in January

Year-on-Year Variations in January by Autonomous Community

The cost of renting housing in Spain increased by 3.5% in January to stand at €8.44 p/m² per month. This is the largest monthly increase since March 2007 when the monthly variation was 6.3%. On a monthly basis, the cost of renting increased in 15 communities and decreased in two. The highest increase was recorded Continue Reading

Spanish Home Sales Up 9.2% in December

10.7% increase in home sales in Andalucia

The number of properties transferred in the national property registers in December was 125,263, 1.9% more than the previous December. Of those transfers, the total number of sales/purchases was 64,135, representing an annual increase of 4.1%. 85% of those properties were urban, while the remaining 15% were rural properties. In the case of urban properties, Continue Reading

Used Property Prices Still Increasing

Prices increased 1.1% in Malaga, in January

It’s February already! How did that happen? All pointers at the end of last year suggested we would see a good 2018 and it has certainly started well. Used property prices in Spain registered a monthly increase of 0.7%, to stand at 1,597 euros p/m². When compared to January last year (1,508 euros p/m²), the Continue Reading

Number of Home Mortgages Fell in November

Number of new mortgages fell in November

The average amount of new mortgages approved in November was 145,769 euros. This is 15.1% higher than in the same month in 2016. This is according to the latest data released by the INE. The number of new mortgages on homes was 24,882. This represents a 3.7% fall compared to the previous year. The average Continue Reading

Andalucía Expects 30 million Tourists in 2018

Susana Díaz at Fitur, 2018

President of the Junta de Andalucia, Susana Díaz, opened the Andalucía section of the Fitur international tourism fair by announcing the regions greatest tourism results. As mentioned in a previous article, 2017 saw the region’s best year in terms of tourist numbers. Although no official figure has been released, it seems likely that the total Continue Reading