Here you will find news, views, events and information relating to real-estate in Spain.
It is clear that construction has made a comeback along the Costa del Sol with many new developments springing up. The once familiar horizon filled with cranes is once again visible up and down the coast; great news for the economy and for consumers. In this regard, Marbella officials say they have experienced a surge Continue Reading
Moody’s, a credit rating agency, expects property prices in Spain to rise by 4.7% per year up to 2019. However, the agency point out that the number of units sold is equally as important to the recovery of the housing sector. They point out that it is necessary to “decouple” the sale price from the Continue Reading
More good news for Marbella this month with the announcement that the Magna Hotels and Resorts Group plan to invest 70 million euros into the region to reopen the Hotel Don Miguel. The hotel was an emblem of tourism during the seventies and eighties which sadly closed its doors in 2004. The hotel is scheduled Continue Reading
The total number of property transfers registered in March 2017 was just short of 170,000. This represents a 17.7% increase when compared to March 2016. When comparing to the previous month (Feb 2017), the increase is 13.4%. The purchase and sale of residential properties increased by 26.9% when compared to March last year. The monthly Continue Reading
According to figures released by pisos.com, resale property prices in Spain in April 2017 stood at 1,526 euros per square metre. This represents a fall of -0.41%, when compared to the previous month. When compared to April in the previous year, the fall is -1.67%. However, Miguel Angel Alemany, general director of pisos.com, says “the Continue Reading
The price of rental property in Spain increased by 8.8% during the first quarter of 2017. The average price of rental property now stands at 8.9€ per square metre, per month. According to research from idealista, the increase in rental costs is being driven by increased demand. The demand is being led by two distinct Continue Reading
February saw a total of 38,176 property sales/purchases, representing a year-on-year increase of 9.9%. By type of housing, the sale of flats showed an annual increase of 12.9%. The increase was lead mainly by the increase in sales of resale properties (+14.5%). In contrast, the number of new properties sold decreased by 1.7%, year-on-year. Single Continue Reading
Marbella’s Mayor, José Bernal, and the Minister of Development, Felipe López, visited the Puerto de la Bajadilla, in Marbella, over the weekend and made assurances that there will be “full cooperation” between the two administrations to ensure that the port expansion project becomes a reality. The visit follows the failed project involving Sheikh Al-Thani which Continue Reading
Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading
Marbella’s new luxury hotel has taken a step closer. The mayor, José Bernal, and Minister for Tourism, Javier Porcuna, attended the signing of the agreement between Platinum Estates and the hotel group Marriott International Inc. for the development of W Hotels Marbella. Platinum Estates already own several successful hotels around the world which are managed Continue Reading
