Here you will find news, views, events and information relating to real-estate in Spain.
Used-property prices in Spain increased by 2.9% during the third quarter of 2018. This rise leaves an average square metre at 1,712 euros, according to the latest idealista price index. Looking at the annual variation, the increase is 7.7%. Fernando Encinar, head of idealista studies, says “the data corroborates the opinions that normalisation is happening Continue Reading
The average price of rental housing in Spain decreased by 2.2% in August, to stand at €7.89 per square metre, per month. This year-on-year decrease is the first fall in rental costs recorded since March 2015. Back then, average rental prices began to increase and recorded 41 consecutive months of increases. “This year-on-year fall in Continue Reading
Over the first eight months of this year, Malaga Airport has handled a massive 13 million passengers. This represents an increase of 1.3% when compared to the same period last year. The increase was driven largely by significant growth in domestic traffic which recorded double-digit growth. The number of flights also increased with 2% more Continue Reading
The total number of properties transferred in the property registers in Spain in July was 169,683. This represents an increase of 14.5% when compared to the same month in the previous year, according to the latest data released by the INE. 87.8% of the purchases in July relate to urban property, while the remaining 12.2% Continue Reading
July has given with one hand and taken with the other, as far as the property market is concerned. According to the General College of Notaries, the number of property sales and the number of new mortgages increased, while the average price decreased. In July, over 52,000 home purchases were recorded (52,014). This represents a Continue Reading
Second hand property prices in Spain registered a slight increase in August, rising 0.4% to reach an average of 1,697 euros per square metre. Looking at the costs last August, the year-on-year increase is +9.2%, according to data from idealista. Property prices appear to have stablilised following years of significant increases. We are still seeing Continue Reading
Despite a handful of scaremongering articles suggesting Spain’s tourism market is under threat, Spain dealt with 10 million international tourists in July, 4.9% less than in the same month last year, according to data from the INE. This is not a huge drop and is easily explained. For a few years, following terror attacks, Turkey, Continue Reading
There were 30,600 new home mortgages approved in June. This represents an increase of 3.9% when compared to June in the previous year. The average amount of the new mortgage loans was 123,896 euros, an increase of 5.1%, according to the latest figures from the INE. The total amount of capital loaned in June reached Continue Reading
The number of unsold new housing stood at 476,938 units, at the end of 2017. This figure is not far from those seen before the bubble burst. In 2007, unsold stock amounted to 413,642. In 2016, the stock fell by 3%, and from the highs of 2009 (649,780 units), the stock has fallen by 26.6%, Continue Reading
Properties in Spain that are on the rental market without furniture are, on average, 39.2% cheaper than those that are rented furnished. Nationally, less than one in three properties offered for rent are offered without furniture (30.6%). Within that 30.6%, there are two groups: 21.4% are offered with a fitted kitchen (refrigerator, washing machine, oven/hobs), Continue Reading
