Here you will find news, views, events and information relating to real-estate in Spain.
The total number of property transfers registered in March 2017 was just short of 170,000. This represents a 17.7% increase when compared to March 2016. When comparing to the previous month (Feb 2017), the increase is 13.4%. The purchase and sale of residential properties increased by 26.9% when compared to March last year. The monthly Continue Reading
Positivity in the real-estate market continued over the last 12 months. The average price of finished housing (new and used) in Spain has improved in the year to April 2017 showing a year-on-year increase in prices of 2%, according to the Tinsa IMIE. The category “Capitals and big cities”, with an increase of 6.1%, shows Continue Reading
Málaga-Costa del Sol Airport closed the first quarter of 2017 with an increase in both passenger numbers and flight operations. When compared to the same period in 2016 there was an increase of 13.7% in passenger numbers, while the airport handled 12.9% more flights. Between January and March 2017, the airport handled 2,982,158 travellers and Continue Reading
Foreign demand for housing in Spain has maintained good performance in recent years, reaching a new high in 2016 when 13.5% of homes sold were bought by foreigners. This is similar to the results seen in recent years (13.2% in 2015, 13% in 2014), and almost 10 points clear of the historical low seen in Continue Reading
February saw a total of 38,176 property sales/purchases, representing a year-on-year increase of 9.9%. By type of housing, the sale of flats showed an annual increase of 12.9%. The increase was lead mainly by the increase in sales of resale properties (+14.5%). In contrast, the number of new properties sold decreased by 1.7%, year-on-year. Single Continue Reading
Marbella’s Mayor, José Bernal, and the Minister of Development, Felipe López, visited the Puerto de la Bajadilla, in Marbella, over the weekend and made assurances that there will be “full cooperation” between the two administrations to ensure that the port expansion project becomes a reality. The visit follows the failed project involving Sheikh Al-Thani which Continue Reading
Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading
Marbella’s new luxury hotel has taken a step closer. The mayor, José Bernal, and Minister for Tourism, Javier Porcuna, attended the signing of the agreement between Platinum Estates and the hotel group Marriott International Inc. for the development of W Hotels Marbella. Platinum Estates already own several successful hotels around the world which are managed Continue Reading
The purchase of housing in Spain by foreigners continues to gain weight, according to data from property registrars. However, the results of the Brexit referendum appear to have reduced the number of sales to British buyers. In 2016, foreigners acquired more than 53,000 homes, representing the highest figure in the historical series (starting in 2006), Continue Reading
Rental costs in Spain increased by 1.7% in January to stand at an average of 7.61 € per square metre per month. This is the largest monthly increase since December 2007 when prices increased by 1.8% over the previous month. Additionally, year-on-year the price of rental housing has increased by 7.9% when compared to January Continue Reading
