So far this year we have seen price increases in both property sales prices and also in rental costs strongly hinting that the real-estate market in Spain is recovering. However, the price of second-hand housing remained stable throughout April registering only a slight decline of 0.8%. The average price of property in Spain now sits Continue Reading
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Tag Archives: 2016
February Saw 34% Increase in Building Licences
The number of building licences approved in February increased by a whopping 34.8% year-on-year, reaching 5,663 licences, according to data released by the Ministry of Public Works. The data further validates the opinion that 2016 has started well for the real-estate and construction industries. The data also offers good prospects for the rest of the Continue Reading
Fotocasa Data Shows Rental Cost Increase in Q1
Property portal Fotocasa have released data showing that the average price of rental property in Spain increased by 3.1% in the first quarter. Compare this to the data released last week by Idealista which also suggested an increase, but slightly higher at 4.3%. Renting one square metre now costs an average of 7.24€ per month. Continue Reading
Rental Prices Increased in Q1
According to data released by property portal, Idealista, the cost of rental property increased by 4.3% across Spain during the first quarter ending March at 7.4 Euros per square metre, per month. Comparing on the annual rate the increase is 5.2%. The rental market appears to be recovering more strongly than the sales market. Head Continue Reading
More Mortgages Written in January
Despite the number of property sales falling slightly at the start of the year, when compared to last year, the number of new mortgages written in Spain increased in January by over 10% with 23,275 new mortgages recorded. Also on the increase is the average amount of the mortgages written which increased by 14.2% compared Continue Reading
