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Cost of Renting Up 18.4% in 2017

Barcelona has the highest cost of renting

The cost of renting housing in Spain experienced a rebound in 2017 and ended the year with an annual increase of 18.4%. This leaves the average cost per month at 9.7 euros per square metre. The fourth quarter of the year saw a slowdown in the pace of growth as prices only increased by 3.3% Continue Reading

Used Housing Prices Up 2.4% in 2017

The Balearic Islands saw the biggest rise in 2017

The price of used housing in Spain registered a small year-on-year increase in 2017. Prices rose 2.4% in the last 12 months to reach an average of 1,586 euros/m². Fernando Encinar, head of idealista studies, said “If 2016 was a turning point in the evolution of the market, in 2017 we would have to talk Continue Reading

Cost of Renting Increased 1.6% in November

Rental costs increased in all communities

The average price of renting a house in Spain increased by 1.6% in November to stand at 8.13 euros/m² per month, according to data released by fotocasa. The figures are similar to the beginning of the year when increases were between 1.5 and 2%. On the monthly basis, rental prices increased in six communities and Continue Reading

Costa del Sol and Malaga Tourism Breaking Records

Autumn on the coast is signified by a few clouds

During the month of October more than 30 million overnight stays were recorded in hotel establishments across Spain. This represents an increase of 1.1% when compared to the same month of 2016. Overnight stays of travellers’ resident in Spain decreased by 2.2%, while those of non-residents increased 2.6%. The average stay decreased by 0.9% compared Continue Reading

Passenger Numbers Up 7.1% in October

Almost 2 million passengers in October

Málaga Costa del Sol Airport closed October having handled a 7.1% increase in passenger numbers and 7.5% more flight operations than in the same month in 2016. The month saw 1,833,589 travellers and 13,007 flight operations, both impressive numbers for the month of October. This is according to the latest figures from airport network operator Continue Reading

Property Prices Fell Slightly in October

Prices are up 3.2% compared to last year

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

Third Quarter Sees Rental Costs Rise

The price of housing for rent in Spain increased by 0.5% during the third quarter of 2017. This leaves the average price per square metre at 9.4 euros per month. The annual variation is +24%, according to the latest report from Idealista. Fernando Encinar, head of idealista studies, says “The end of summer brings with Continue Reading

Property Sales Increased in August

Sales of Spanish property increased in August

There were 142,976 property transfers (sales/purchases, inheritance, exchange, donation) registered in the property records in August. This is 5.9% more than in the same month last year. This is yet another increase and adds further confirmation that the Spanish property market is recovering well from years of slowdown following the 2007 crisis. In terms of Continue Reading

Tourist Spending Increased in August

Tourists spend 10% more than last August

Total tourist spending in Spain by international visitors in August reached a staggering 11,342 million euros. This represents an increase of 10.3% when compared to the same month last year. The average spend per tourist also increased with visitors spending 1,088 euros each during their trip, up 6.1% from last year. The average daily spend Continue Reading

Malaga Airport Passenger Numbers Up in August

Malaga airport handled over 2 million passengers in August

Malaga-Costa del Sol Airport handled 2,173,006 passengers in August, 11.3% more than in the same month in 2016, according to airport network AENA. This positive change was supported by the pull of the international market, as well as the dynamism of the domestic market. The bulk of passengers (2,166,538) travelled on commercial flights. Of those, Continue Reading