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Tag Archives: Marbella

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

Cost of Renting Increased 10% in August

Average rental cost increased 10% in August

The average cost of renting increased by 10% year-on-year in Spain in August. This is the third year-on-year increase over 10% in 2017, in addition to 30 consecutive months of annual growth, according to the latest data from fotocasa. The year-on-year variation recorded this month is the third highest recorded this year: in May it Continue Reading

Costa del Sol Q1 House Sales 2004-2017

Q1 Sales Graph - 2004 - 2017

According to the latest figures from the INE, July saw a 16.8% increase in the number of homes sold in Spain, when compared to the previous year. So, has the market stabilised? Are sales back up to pre-crisis levels? To try and answer those questions we take a brief look at the Q1 sales results Continue Reading

Price of Housing Down in August

Second-hand housing prices fell slightly in August

According to the latest monthly sales price report from pisos.com, the average price of second-hand housing in Spain was 1,528 euros per square metre in August 2017. This figure represents an increase of 0.2% compared to the previous month. On a year-on-year basis the variation is -1.99%. The price of housing has recently been fluctuating Continue Reading

Cost of Renting Increased in Second Quarter

Rents in Marbella increased 11.6%

The average cost of renting increased in Spain by 4.8% during the second quarter of 2017. The average price per square metre now stands at 9.4 euros per month, according to a report from idealista. Average rental prices increased in all the autonomous communities during the second quarter except for Euskadi where prices fell by Continue Reading

Second Homes Account for 13% of Sales

39% were looking for second-hand housing

13% of house purchases in Spain are for second homes, according to the report “Profile of the second home buyer in Spain”, by fotocasa. Second homes are the second most popular reason for buying a property. The most popular reason is of course for a primary residence with 75% of sales being for that reason. Continue Reading

Average Price of Used Property Up in July

Used property prices increased in July

The average price of used property in Spain stood at 1,700€ p/m² in July, a monthly increase of 0.4%. This increase shows we are seeing prices stabilise and we are leaving behind the large price falls of recent years. The price in July was 4.6% more than the same month in 2016 and is the Continue Reading

Home Sales Increased in June

June saw a 19.2% increase in used property sales

There were 88,034 property sales/purchases in June, an annual increase of 18.6%. Compared to the previous month the number fell by 1.3%, according to data released by the National Institute of Statistics. 86.8% of the properties sold were urban properties, compared to 13.2% rustic property. In the case of urban properties, 57.8% were for home Continue Reading

Marbella Saw Record Number of Tourists in June

Tourists are flocking to Marbella, as always!

Marbella had a record June in terms of the number of tourists visiting the area. Numbers increased by 30.5% when compared to June last year. The mayor of Marbella, José Bernal, described the figures, which were released by the National Institute of Statistics (INE), as “historical and an example that the policies of the local Continue Reading

Housing Sales Up in First Quarter

Average house prices rose 4.6% in Q1

There was an increase in housing sales in most of Spain’s autonomous communities in the first quarter of 2017. This is according to the latest figures released by the National Council of Notaries. In the first quarter, the sale of housing saw average national growth of 19.2% year-on-year. All the autonomous communities saw growth except Continue Reading