Here you will find news, views, events and information relating to real-estate in Spain.
The price of used housing in Spain registered a small year-on-year increase in 2017. Prices rose 2.4% in the last 12 months to reach an average of 1,586 euros/m². Fernando Encinar, head of idealista studies, said “If 2016 was a turning point in the evolution of the market, in 2017 we would have to talk Continue Reading
As rental costs increase many people are finding it difficult to find a home to rent in much of Spain. Down here on the Costa del Sol, Marbella is also suffering from low levels of long-term rental stock. It is certainly more difficult for those on a lower budget. There are new properties being built Continue Reading
The number of new home mortgage approvals in October was just short of twenty-five thousand (24,706). This is 8.2% more than in the same month in 2016. The average amount of the new mortgages was 120,628 euros, an annual increase of 9.2%. The value of mortgages for urban property reached a massive 4,824.9 million euros. Continue Reading
New property has typically been sparse as available plots of land become scarce and although new construction has returned to many areas, Spain is still suffering from a lack of “new” stock. According to a survey carried out by idealista, 3 out of 4 buyers have ruled out searching for new homes as the prices Continue Reading
The average price of renting a house in Spain increased by 1.6% in November to stand at 8.13 euros/m² per month, according to data released by fotocasa. The figures are similar to the beginning of the year when increases were between 1.5 and 2%. On the monthly basis, rental prices increased in six communities and Continue Reading
Following on from the best third quarter since 2008 (in terms of property sales), in October, there were 143,249 property transfers in the property registers. This represents 12.3% more than in the same month in 2016, according to the latest data from the INE. When looking at only property sales/purchases there were 74,286 in October, Continue Reading
The third quarter of the year saw a total of 121,561 homes sold in Spain, representing an increase of 16.7% when compared to the same period in 2016, according to data published by the Ministry of Development (Fomento). This is the highest number of Q3 home sales for nine years. To find a third quarter Continue Reading
According to a report “Experience of Purchase/Sale of Housing in Spain in 2017” carried out by fotocasa, the average budget set by a home buyer was 173,000€. The budget varies by autonomous community: in Madrid the average is 212,000€. In Catalonia it is 206,000€. The average budget in the Basque Country is 191,000€. In Valencia Continue Reading
Average second-hand property prices in Spain stood at 1,733 euros/m² in November, a monthly increase of 0.4%, according to data from property portal fotocasa. The slight increase shows that the price of second-hand housing is stabilising and that we are leaving behind the large price drops witnessed in recent years. On the annual variation, the Continue Reading
A report by pisos.com says the good performance of the Spanish property market has been clearly demonstrated by the statistics for 2017 and has continued to move in a positive direction throughout the year. Everything seems to indicate that prices, purchases, mortgages and new construction licences are in a state of stable growth and may Continue Reading
