Renting Cost Continues to Rise in Spain

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

Category Archives: Málaga

Renting Cost Continues to Rise in Spain

Cost of renting up in October

The price of rental housing in Spain increased by 0.1% in October, when compared to the previous month. When compared to the same period in 2019, the variation is +9.6%. This brings the average monthly cost of renting a home in Spain to €10.75 p/m². This is the fifth consecutive annual increase and also the Continue Reading

Second-Hand House Prices Up in October

Average price per m in Andalucia is 1,642€

In October, the price of second-hand housing in Spain increased by 0.8% when compared to the previous year, and fell by 1.7% when compared to September. This puts the average price of second-hand housing at 1,859 euros p/m². This marks the eleventh monthly fall. The most recent positive monthly variation was seen in November 2019. Continue Reading

Cost Of Rental Homes Down in Q3

Renting cost fell in 12 autonomous communities

In Spain, the price of rental homes experienced a quarterly decrease of -0.7% at the end of the third quarter and an annual increase of 12%, placing the average price at the end of September at 10.74 euros per square meter per month. This last year-on-year increase represents the sixth increase in this period after Continue Reading

Home Sales Down 12% in August

New Home sales increased 6.4% in August

In August, the number of home sales in Spain fell by 12.1% when compared to August 2019. Considering what the country has been through in recent months this is not a big fall and is far smaller than many expected. This also shows that the property market is resilient and is recovering well from the Continue Reading

Pandemic Affecting House Prices in Q3

Madrid is the most expensive community for housing

The price of second-hand housing in Spain saw a fall of 1.5% during the third quarter of 2020, and a 2.4% fall year-on-year in September. This places the average cost per square metre at 1,845 euros, according to new figures from fotocasa. This is the first third-quarter fall for three years following increases of 4.8% Continue Reading

Cost of Shared Homes Increased in August

Cost of renting a room up 2.7% in August

The average price of renting a room in a shared apartment in Spain rose 2.7% on the interannual variation and stood at 319 euros per month in August, according to a report from Fotocasa. “After the strong increases that we have been registering in recent years, in general, the rental market is tending to stabilize Continue Reading

Home Sales Increase Following End of Lockdown

Sales of second-hand property up 18.8%

In July, there was 144,522 property transfers registered in the property registers, 21.5% less than in the same month of 2019. However, compared to June 2020, the number of transfers increased by 28.6% showing that the lifting of some of the Covid restrictions is bringing life back to the property market. The total number of Continue Reading

Second-Hand House Prices Up 30% Since 2015

Prices in Palma de Mallorca are up 58%

The cumulative price of second-hand homes in Spain has increased by 15% over the last five years (since June 2015), according to data from property portal Fotocasa. “The price of second-hand housing at the end of 2019 suffered the first decrease in year-on-year prices following almost four years of uninterrupted increases. Since then, prices have Continue Reading

Property Market Shows Positive Signs in June

Buyers are coming back to the property market

As the country starts trying to get back to some sense or normality following lockdown, the property market recovered slightly. In June, there were 112,383 property transfers registered. Although this represents a 37.1% increase when compared to May, it is still 33% lower than in June 2019. When looking only at the sale of homes, Continue Reading

Rental Costs Fell in Second Quarter

Rental Costs Fell in Second Quarter

The price of rental housing in Spain experienced a quarterly decrease of -0.2% in June, the first drop in rental prices after six years of increases. However, the year-on-year price has risen by 9.1% to put the average cost per square metre per month at €10.82. “The price of rental housing in the second quarter Continue Reading