Here you will find news, views, events and information relating to real-estate in Spain.
Andalusia, Valencia and Catalonia accounted for more than half of housing foreclosures during the summer of 2017. The number of foreclosures on “personas fisicas” (property owned by an individual) continues to fall with the third quarter seeing only about 1,600 cases. This is almost half as many as were seen in the previous quarter. On 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
In the first half of this year, the purchase of free housing by foreign buyers increased by 13.4% year-on-year. The number of British buyers fell slightly as expected in the wake of the Brexit referendum and an uncertain future. However, the number of Chinese and continental Europeans buying in Spain increased, according to a report Continue Reading
The number of property transfers registered in the property registers in the month of September was 135,170. This is 1.8% more than in the same month in 2016, according to the latest data from the INE. Of those, the total number of property sales/purchases was a little over 74,000, an annual increase of 7.6%. 86.6% Continue Reading
Used property prices fell in Spain showing a decrease of 1.8% during October, to stand at an average of 1,562 euros per square metre. Only seven provinces saw prices increase with Madrid leading with a small increase of just under 1%. The national year-on-year variation was +3.2%, according to data from idealista. Autonomous Communities Second-hand Continue Reading
The demand for luxury residential property in Spain shows no signs of slowing down. There is more luxury property available and at higher prices than last year. Property portal pisos.com has analysed the luxury market and the results show that there has been a marked increase in volume of luxury property. 2.22% of second-hand properties Continue Reading
The total volume of real estate investment in Spain (residential, office, retail, hotels) closed the third quarter of the year at around 8,947.4 million euros. This represents an increase of 40% over the same period in 2016. Additionally, this figure represents 94% of the total investment for the whole of 2016, which amounted to 9,564 Continue Reading
The price of housing in Spain increased by 2.3% during the third quarter of 2017. This leads to the average for a square metre rising to 1,590 euros, according to the latest price index from idealista. The annual variation is +3.7%. Fernando Encinar, head of idealist studies, says “The real estate market, both for sale Continue Reading
In 2016, 44% of buyers looked online for properties for sale. Among younger buyers that number is even higher with 58% of Millennials* using the internet to find their next home. Most buyers will have seen a dozen or so properties online before they step foot inside any of them. This is why your photos Continue Reading
