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
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Tag Archives: 2016
Andalusia and Valencia Have Most New Property
As the recovery continues and Spain begins to see the return of construction, it appears that the majority of new build free housing is concentrated in a few regions. Free housing refers to properties that are not subject to any public protection system and can be transferred between parties without any restriction. Together, Andalusia and Continue Reading
Coastal Areas See Increased Rental Costs
How many people working in real-estate have heard the question “How far is it from the beach?”. It would appear that proximity to the playa is an important part of the decision when choosing a rental property and the consequence of this demand is that provinces that sit on the coast are recording the largest Continue Reading
Property Sales Best Q1 Since 2010
According to data released by the Ministry of Public Works, there were 103,288 house sale transactions made before a notary in Spain in the first quarter of 2016. You would need to go back to 2010 to find the first quarter with as many sales. The figure represents an increase of 20.7% when compared to Continue Reading
Madrid, Andalusia and Catalonia Need More Property
Madrid, Andalusia and Catalonia are the autonomous communities of Spain with the highest demand for new property, according to a new report from the IESE. The report suggests that Spain needs to build an average of 100,000 homes per year until 2020 to meet the increased demand for property. From 2020 to 2025 the demand Continue Reading
Home Sales Increased 29% in April
April 2016 registered an increase in the number of house sales of 29%, when compared to the same month in the previous year, according to data released by the National Institute of Statistics (INE). In total, there were 153,060 property transfers in April, which represents a 15.4% increase in total property transfers over April 2015. Continue Reading
Spanish Housing Recovery – Get the Whole Story
A friend of mine told me an interesting yet slightly worrying story last night. He was sitting in the Myramar shopping centre in Fuengirola having a coffee while waiting for a children’s party to end. On the table next to him was a young English couple discussing property in Fuengirola. They had clearly just spent Continue Reading
BBVA Report Indicates Housing Recovery Continues
According to the latest Real Estate Flash Report from BBVA, despite a slow-down in house sales in March, the results from the first quarter of the year remain positive. Year-on-year, the first quarter closed with a 2.4% increase in property prices, a factor which the BBVA highlight as a confirmation of the recovery of the Continue Reading
Tourist Expenditure Increased in April
April was another great month for tourism in Spain with increases in both the total tourist spend and also the average daily spend. Tourists visiting Spain during April 2016 spent a total of 5,647 million Euros, representing an increase over the same month in 2015 of 4.3%. The average expenditure per person stood at 927 Continue Reading
