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Category Archives: Property Market

Sales of New Homes Increased in January

Sales of New Homes Increased in January

The total number of property sales/purchases in the property registers in January was 198,298, 10.6% more than in the same month of 2018, according to data from the INE. 85.7% of purchases registered in January correspond to urban property, and 14.3% rural. In the case of urban properties, 56.5% were home sales. The number of Continue Reading

Property Prices Up 2.6% in January

The average home loan in January was €135,616

Purchases and sales of homes reached 40,388 transactions in January, a slight year-on-year increase of 0.3%, according to the General Council of Notaries. By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. Meanwhile, transactions for second-hand homes fell by 1.5%, while sales of new property increased by 0.1%. The sale Continue Reading

2018 Home Sales Figures Highest in 11 Years

Home sales increased 9.3% in 2018

The number of home sales seen in 2018 was the highest number since 2007. According to Fomento, 581,793 homes were sold, a 9.3% increase compared to 2017. However, despite the most positive data in 11 years, the increase was the lowest since the end of the crisis confirming a slowdown in the residential market. The Continue Reading

Home Sales Increased 10% in 2018

Home Sales Increased 10% in 2018

According to the latest figures from the INE, there were 69,524 property sales in December, an annual increase of 7.2%. 85.2% of the properties purchased in December were urban properties, while 14.8% were rural. In the case of urban properties, 57.1% were home purchases. The number of rural property sales increased by 6.4% in December, Continue Reading

Housing Sales up 2.8% in November

42,150 homes were sold in November

According to the latest figures from the INE, there was 85,348 property sales in November, 4% more than in the same month of 2017. Of those, 42,150 related to the sale/purchase of housing. 86.5% of those sales were for urban properties, with 13.5% being rustic. In the case of urban properties, 57.1% were for housing Continue Reading

Housing Finished 2018 With a Price Increase

December saw prices increase 20.73% in Madrid

The number of purchases/sales of homes in Spain reached 47,254 in November, according to the General Council of Notaries. This represents an annual decrease of 3.6%. The sale of flats showed a significant annual fall dropping 6.5% year-on-year. This was due to falls in sales of both new property (-7.1%) and also second-hand properties (-5.5%). Continue Reading

New Properties are most expensive in Spain

New properties are the most expensive in Spain

The most expensive second-hand properties in Spain are those under five years old, with an average price of €258,024. This is quite interesting given that in 2017, these properties were the cheapest with an average price of €175,625. This is a 47% increase in the price of new properties in only one year. In fact, Continue Reading

Young People Struggling to Afford Rentals

65% of young buyers are women

In 2017, 38% of young people (between 18 and 34 years old) were able to enter the housing market. In 2018, this has dropped to 29%, a 24% fall in one year. This is one of the main conclusions of a report from Fotocasa, “Young people and their relationship with housing 2017-2018“, which aims to Continue Reading