If any of you attempted to drive anywhere in Spain during July you will know what I’m going to say here: July was a super busy month for tourism! Spain’s hotels registered a massive 42.8 million overnight stays in July, representing a 7.4% increase over the same month in the previous year. Overnight stays by Continue Reading
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Category Archives: News
Demand To Rent a Room Doubled in One Year
The demand to rent a room in Spain increased by 48% over the last 12 months. In the first six months of this year there were over 33 million searches for renting a room on one of Spain’s property portals. This is more than 10 million more searches than were conducted in the same period Continue Reading
Tourism Sector Predicts a Record August
With an average hotel occupancy of 80%, July has closed having exceeded tourism expectations, yet again. This month is now expected to be the best August seen in recent history. There are more tourists making longer stays and spending more money. Tourism professionals and hoteliers are all saying their August calendars are already filling up. Continue Reading
Construction Resurgence Continues
Construction in Spain continued its resurgence in May with 7,085 new building licences issued, the highest monthly figure so far this year. In April there were only 4,795 licences issued. May’s figure was 79.5% more than in the same month last year, and showed a significant jump from the previous month which recorded this year’s Continue Reading
Quarter of Household Income Spent on Housing
On average, Spanish households spend 23.58% of their annual income on paying a mortgage or rent. The report, compiled by online property portal Pisos.com, is based on the latest Household Budget Survey carried out by the National Statistics Institute (INE). According to the report, those who rent a property require a larger percentage of their Continue Reading
70% of Spaniards Prefer Ownership to Rental
A new report, released by property portal fotocasa, titled “The Spanish and Their Relation to Housing, 2015” shares interesting insight about the thoughts and knowledge of Spaniards in relation to the housing market in Spain. The report was prepared in order to analyse how the economic conditions of recent years have affected the attitude of Continue Reading
Foreclosures Fell by 11.6% in Q1
The number of evictions carried out between January and March this year represented an annual decrease of 11.6%, with 16,688 evictions performed across the country. The number represents the biggest fall since the first quarter of 2014 when the historical data series began. Location The number of foreclosures fell in 14 of the country’s 17 Continue Reading
Property Sales Best Q1 Since 2010
According to data released by the Ministry of Public Works, there were 103,288 house sale transactions made before a notary in Spain in the first quarter of 2016. You would need to go back to 2010 to find the first quarter with as many sales. The figure represents an increase of 20.7% when compared to Continue Reading
Madrid, Andalusia and Catalonia Need More Property
Madrid, Andalusia and Catalonia are the autonomous communities of Spain with the highest demand for new property, according to a new report from the IESE. The report suggests that Spain needs to build an average of 100,000 homes per year until 2020 to meet the increased demand for property. From 2020 to 2025 the demand Continue Reading
Spanish Housing Recovery – Get the Whole Story
A friend of mine told me an interesting yet slightly worrying story last night. He was sitting in the Myramar shopping centre in Fuengirola having a coffee while waiting for a children’s party to end. On the table next to him was a young English couple discussing property in Fuengirola. They had clearly just spent Continue Reading
