The average price of housing in Spain increased by 0.8% in the second quarter of 2016, when compared to the same period in the previous year. The figure represents the third consecutive quarter of growth despite being below the 1.4% increase recorded in the first quarter of the year. The cumulative average price fall since Continue Reading
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Here you will find news, views, events and information relating to real-estate in Spain.
Category Archives: Statistics/Figures
Tourist Expenditure Increased 7.8% in May
Spain continues to attract record numbers of tourists this year and those tourists are certainly helping with Spain’s economy. In May, international tourists spent a total of 6,914 million euros representing an increase of 7.8% over the same month in 2015, according to the latest data released by the National Statistics Institute (INE). The average Continue Reading
Property Prices Fell 1.4% in Second Quarter
As we enter the third quarter of 2016 (already?) Spanish property prices appear to have stabilised and actually show a slight decline. Compared to the previous quarter, prices fell by 1.4% in Q2 leaving a square metre of resale property at a cost of 1,531 euros. On a year-on-year basis the decline is slightly larger Continue Reading
7.1 Million Tourists Visited Spain in May
May was another great month for Spanish tourism with 7.1 million international tourists visiting, a 7.4% increase over the same month in 2015. As expected, the UK accounted for the most travellers with over 1.7 million Brits choosing Spain for their spring vacation. This represents 25.1% of the total and is an increase of 9.1% Continue Reading
Mortgage Approvals Increased 24.6% in April
The number of mortgages approved on homes in April was 23,607, representing a 24.6% increase over the same month in 2015. The average amount of those mortgages also increased to stand at 108,354 euros, 5.1% more than last year. Looking at all property types, the average amount mortgaged was 144,287 euros, an annual increase of Continue Reading
Rental Costs Increased 1% in May
The average price of rental housing in Spain increased by 1% in May, to stand at 7.36 Euros per square metre per month, according to the latest data released by online property portal, fotocasa. This monthly increase continues the trend seen in 2015, during which time rental costs began to increase month after month following 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
Hoteliers See Continued Growth
Spain’s hotels accommodated 30.8 million overnight stays in May, a 9.9% increase over the same month in the previous year. Stays by travellers who are resident in Spain increased by 6.1%, while overnight stays by non-resident travellers increased by 11.6%. The average length of stay was 3.2 nights per traveller, an increase of 4.7% over 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
Cost of Urban Land Increased 5.3% in Q1
The average price of urban land showed an annual increase of 5.3% in the first quarter of 2016, to stand at 157.7 euros per m², according to data released by the Ministry of Public Works. When compared to the previous quarter, the increase is 3.9%. When looking at the cost in municipalities of over 50,000 Continue Reading
