Here you will find news, views, events and information relating to real-estate in Spain.
In 2019, the average monthly mortgage repayment was 591 euros, in Spain, according to the College of Notaries. Looking at renting, the average monthly rent was 966 euros. In both cases, the percentage or monthly income allocated to housing costs is well above that recommended by the Bank of Spain. “The economic capacity of families Continue Reading
In Spain, the price of rental homes experienced a quarterly decrease of -0.7% at the end of the third quarter and an annual increase of 12%, placing the average price at the end of September at 10.74 euros per square meter per month. This last year-on-year increase represents the sixth increase in this period after Continue Reading
In August, the number of home sales in Spain fell by 12.1% when compared to August 2019. Considering what the country has been through in recent months this is not a big fall and is far smaller than many expected. This also shows that the property market is resilient and is recovering well from the Continue Reading
The price of second-hand housing in Spain saw a fall of 1.5% during the third quarter of 2020, and a 2.4% fall year-on-year in September. This places the average cost per square metre at 1,845 euros, according to new figures from fotocasa. This is the first third-quarter fall for three years following increases of 4.8% Continue Reading
The price of homes for rent in Spain increased 0.1% when compared to July and increased by 8.6% when compared to the same month in the previous year. This brings the average cost to €10.74 p/m² per month according to data from Fotocasa. This value is -28% below the average for the Community of Madrid, Continue Reading
In July, there was 144,522 property transfers registered in the property registers, 21.5% less than in the same month of 2019. However, compared to June 2020, the number of transfers increased by 28.6% showing that the lifting of some of the Covid restrictions is bringing life back to the property market. The total number of Continue Reading
The cumulative price of second-hand homes in Spain has increased by 15% over the last five years (since June 2015), according to data from property portal Fotocasa. “The price of second-hand housing at the end of 2019 suffered the first decrease in year-on-year prices following almost four years of uninterrupted increases. Since then, prices have Continue Reading
The price of rental property in Spain fell slightly in July, recording a monthly variation of -0.8%. When compared to the same month in the previous year, the variation is +7.9%. This change puts the average cost per square metre per month at €10.73, according to the real estate index from fotocasa. The national average Continue Reading
The price of second-hand housing in Spain fell by -0.7% year-on-year in July. This places the average cost per square metre at 1,888 euros. The national average is a massive 38% lower than the average in Madrid! Thirteen autonomous communities presented positive monthly data in July. The community with the highest increase in second-hand house Continue Reading
As the country starts trying to get back to some sense or normality following lockdown, the property market recovered slightly. In June, there were 112,383 property transfers registered. Although this represents a 37.1% increase when compared to May, it is still 33% lower than in June 2019. When looking only at the sale of homes, Continue Reading
