Cost of Renting Falls – First Time in 5 Years

Here you will find news, views, events and information relating to real-estate in Spain.

Category Archives: Costa del Sol

Cost of Renting Falls – First Time in 5 Years

Madrid is the most expensive community for renting

The average price of rental housing in Spain fell by 1.7% year-on-year in February, the first fall following almost six years of increases. When compared to January, the fall in the cost of rental housing was -0.9%. This brings the average cost per square metre per month to €10.48, according to data from fotocasa. The Continue Reading

Second-Hand House Prices Up in February

Spanish housing continues to bounce back

The price of second-hand housing in Spain increased by 0.5% in February placing the average cost per square metre at 1,883 euros. Year-on-year, the variation was +2.2%, the fourth year-on-year increase following 11 months of falls (from December 2019 to October 2020). “One of the most significant consequences that the confinement of 2020 has left Continue Reading

Used House Prices Down 30% in 15 Years

Spanish property prices are down 30% since 2005

The cumulative price of housing for sale has risen in Spain by 16% in the last 5 years, but has fallen by -17% in 10 years and by -30% in the last 15 years. This is according to a report from fotocasa which was based on the prices of housing for sale in December of Continue Reading

Spanish Home Sales Up in December

Property sales fell -17.7% across Spain

The number of property transfers registered in the property registers (from public deeds) in December 2020 was 150,891, which is 9.1% more than in the same month of 2019. In the case of registered property sales, the number of transfers is 76,516, with an annual increase of 7.2%. 84.3% of the sales registered in December Continue Reading

Second-Hand Property Prices Up in January

Madrid and Basque Country are most expensive

In Spain, the monthly variation in the price of second-hand housing decreased by -0.1% in January. The year-on-year variation increased by 1.8%, bringing the average price to 1,874 euros/m², according to data from the Fotocasa. This last value is the third year-on-year rise in house prices after 11 months of year-on-year falls (from December 2019 Continue Reading

Rental Housing Price Increases Slowing

Average rental price is 10.65 euros/m² per month

The regular increase in the price of rental housing in Spain appears to be slowing with the smallest increase in six years seen at the end of 2020. The close of the year saw rental prices increase by only 4.6% to put the average cost per square metre at 10.65 euros per month. This increase Continue Reading

Spanish Home Sales Up in November

New property sales up 0.6% in November

According to figures from the National Institute of Statistics, there were 83,221 property sales in November, an annual increase of 4.2%. 84.6% of those property sales were urban properties, with the remaining 15.4% classed as rustic. In the case of the urban properties, 56.3% were for the sale of homes. The number of sales of Continue Reading

Average House Price Down in November

New apartme sales increased 17.5% year-on-year

November 2020 saw 48,251 home sales in Spain, representing a year-on-year fall of 0.9%. Considering the months of lockdown, this fall is nothing like as bad as was expected. By type of property, the sale of apartments/flats showed a year-on-year fall of 7.6%, according to a report from the Notaries. This reduction in apartment sales Continue Reading

Andalucia Top For Home Sales in October

Andalucia still popular with home buyers

In Spain, there was 156,875 property transfers registered in the property registers in October. This is 8.2% less than in the same month of 2019, according to figures released by the INE. Of those transfers, 77,536 related to property sales/purchases, an annual decrease of 11.6%. Of those sales, 84.2% were in regard to urban properties, Continue Reading

Price of Used Housing Increased in November

Madrid is most expensive community for housing

Used house prices in Spain increased by 1% when compared to the previous month to reach an average price of 1,877 euros p/m². The annual variation of +0.7% is the first monthly interannual increase following 11 months of year-on-year drops (since December 2019). “The market for housing for sale has been very dynamic and agile Continue Reading