The national average rental cost in Spain was 629 euros per month in June, according to the latest data released by property portal pisos.com. The monthly increase, over May 2016, was very slight at 0.55%. The report puts the quarterly increase at 2.78%, while the annual rate was higher at 5.95%, when compared to June Continue Reading
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Here you will find news, views, events and information relating to real-estate in Spain.
Tag Archives: 2016
Property Sales Increased 9.6% in May
The total number of properties sold in May increased by 9.6% when compared to the same month in the previous year, to reach 150,827 transactions. When looking at only residential property the increase over the previous year is much higher at 23.6%, reaching 36,425 transactions, according to data released by the National Statistics Institute (INE). This Continue Reading
Average House Prices Increased 0.8% in Q2
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
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
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
