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Property Buyers Looking Beyond Cities

Not much space available in Spanish cities

Over three weeks of being confined to your home can make you wonder if it really is your home. According to a study carried out by Idealista, since the state of alarm was declared in Spain, the number of property buyers searching for a home within the provincial capitals has dropped from 44.1% to 38.8%. Continue Reading

House Prices Down in First Quarter

House prices in Malaga fell 2.57% in Q1

According to a quarterly report from pisos.com, the average price of second-hand housing in Spain in March was 1,690 euros per square metre. This represents a decrease of 1.25% when compared to December 2019. Year-on-year, the fall is slightly smaller at -0.61%. When comparing March to February, the contraction is -0.89%. “The trend towards a Continue Reading

Home Mortgage Borrowing Up in January

Home mortgage borrowing up 20% in Andalucia

January saw a 6.1% increase in the number of new home mortgages. The average amount, however, fell by 5% to 114,691 euros, according to data released by the INE. On all property types, the average amount also fell, with an average of 129,387 euros, 12.2% lower than the same month in 2019. The total amount Continue Reading

New Property Gaining Ground

Buyers have a large choice of new build

With new developments seeing a resurgence since dropping following the crisis, it is no wonder that in 2019, 37% of buyers chose a new property. This is significantly higher than the previous two years. In 2018 new property was the choice for 29% of buyers, and only 20% in 2017. Buyers are of course still Continue Reading

Small Increase in House Prices in February

Palma de Mallorca saw prices grow 7.90%

The average price of second-hand property in Spain reached 1,705 euros per square metre in February. Compared to the same month in the previous year that represents an increase of 0.22%. When compared to January, it shows a slight fall of 0.01%. “Recent increases have moderated with similar levels of growth seen throughout the country, Continue Reading

Home Mortgage Borrowing Up in 2019

December saw a huge 43% increase in new mortgages

In December, there were 30,285 new mortgage loans for home purchases, a massive 43% more than in December 2018. Compared to the previous month, the variation was +3.9%, according to figures released this week by the INE. The average amount of those loans fell slightly to 122,079 euros, a 4.2% drop. The total amount of Continue Reading

Málaga Airport’s ´Without Barriers’ Initiative

Málaga Airports ´Without Barriers' Initiative

Throughout 2019, Malaga Airport served 179,227 passengers with reduced mobility, mostly in October, September and May. Malaga is proud of its facilities for those passengers who need help and they offer fifteen meeting points throughout the airport, both inside and outside the terminals (parking lots, sidewalks, check-in area, etc.) and three points of personalized attention, Continue Reading

Andalusia Homes Sales Up in December

7,126 homes sold in Andalusia in December

There was 53,947 housing sales/purchases in December, an annual decrease of 1.2%, according to data from the Council of Notaries. By type of property, there was a 3.8% reduction in the sale of apartments, with both new properties (-15.1%) and second-hand properties (-0.7%) seeing a contraction in sales. Meanwhile, the sale of single-family homes reached Continue Reading

2020 Opens with a Slight Drop in House Prices

Good news for buyers as prices fall slightly

Second hand housing in Spain saw a small price drop in January with prices shrinking by 0.3%, when compared to December. The annual variation was -1.9%, bringing the average price per square metre to 1,841 euros, according to the fotocasa real estate index. The national average is a massive 40% lower than the average in Continue Reading

Another Record Year for Malaga Airport

Over a million passengers came to Malaga for winter sun

2019 was another record year for Malaga Airport reaching three milestones. In its hundredth year of operation the airport handled 19,856,299 passengers, 4.4% more than in 2018 and the highest figure for any year since opening in 1919. The second significant milestone was to reach and exceed 400 million passengers served since opening, and also Continue Reading