Here you will find news, views, events and information relating to real-estate in Spain.
With new developments seeing a resurgence since dropping following the crisis, it is no wonder that in 2019, 37% of buyers chose a new property. This is significantly higher than the previous two years. In 2018 new property was the choice for 29% of buyers, and only 20% in 2017. Buyers are of course still Continue Reading
The average price of second-hand property in Spain reached 1,705 euros per square metre in February. Compared to the same month in the previous year that represents an increase of 0.22%. When compared to January, it shows a slight fall of 0.01%. “Recent increases have moderated with similar levels of growth seen throughout the country, Continue Reading
In December, there were 30,285 new mortgage loans for home purchases, a massive 43% more than in December 2018. Compared to the previous month, the variation was +3.9%, according to figures released this week by the INE. The average amount of those loans fell slightly to 122,079 euros, a 4.2% drop. The total amount of Continue Reading
There was 53,947 housing sales/purchases in December, an annual decrease of 1.2%, according to data from the Council of Notaries. By type of property, there was a 3.8% reduction in the sale of apartments, with both new properties (-15.1%) and second-hand properties (-0.7%) seeing a contraction in sales. Meanwhile, the sale of single-family homes reached Continue Reading
Second hand housing in Spain saw a small price drop in January with prices shrinking by 0.3%, when compared to December. The annual variation was -1.9%, bringing the average price per square metre to 1,841 euros, according to the fotocasa real estate index. The national average is a massive 40% lower than the average in Continue Reading
Over the last 12 months, purchases of housing as an investment represented 10% of the total sales transactions made in Spain. Sales of property for investment now make up the same amount as those transactions to purchase a second home, which also number 10% of the total. For comparison, the purchase of property for the Continue Reading
The sale of property to foreign buyers fell by 3.2% in the first half of 2019. Non-resident foreign buyers accounted for 41% of those transactions, a fall of 9.7%. Resident foreign buyers accounted for 59%, representing an increase of 1.9%, according to data from the General Council of Notaries. Purchases by foreign buyers varied greatly Continue Reading
The price of second-hand property in Spain increased by 0.1% in October, when compared to September. On a year-on-year basis the increase was 2.4%. This change brings the average cost per square metre to 1,892 euros, according to the fotocasa real estate index. This is the fifth consecutive October to show an annual increase. The Continue Reading
Mortgage data released by the INE suggests a significant slowdown in lending from banks for the purchase of a home. Specifically, the number of loans granted in August was down 29.9% when compared to August of the previous year. A little over 20,000 new mortgages were approved which is the lowest monthly figure since October Continue Reading
There was an increase of 13.1% in the number of new mortgages taken on homes in July, when compared to July 2018. However, the average amount of the loans taken fell by 2.5% to 121,414 euros, according to data from the INE. The total borrowed for home loans in July reached a massive 4,048 million Continue Reading
