Here you will find news, views, events and information relating to real-estate in Spain.
Spain received almost 9 million international tourists in September, a slight increase of 0.9% when compared to the same month in 2017. The UK was once again the main emitting country, with more than 2.1 million Brits heading this way. This represents 23.6% of the total, while being 3.1% fewer than visited in September 2017. Continue Reading
The number of new mortgages taken on homes in August was 28,755, which is 6.8% more than in August 2017. The average amount borrowed was 122,424 euros, representing an increase of 9.8%, according to figures from the INE. The total value of mortgages taken on all urban properties was a massive 5,440 million euros, 11% Continue Reading
The luxury housing market is currently in good condition. There are more luxury properties on the market today than over the previous three years. 2.36% of second-hand homes currently on the market have an advertised sales price of over one million euros. This percentage exceeds that recorded in 2017 (2.22%), 2016 (1.92%) and in 2015 Continue Reading
In 2017, 38% of young people (between 18 and 34 years old) were able to enter the housing market. In 2018, this has dropped to 29%, a 24% fall in one year. This is one of the main conclusions of a report from Fotocasa, “Young people and their relationship with housing 2017-2018“, which aims to Continue Reading
Over the last 12 months, the percentage of property buyers who needed a mortgage to purchase a home has increased form 71% in 2017, to 75% in 2018. 64% of those buyers were able to make their purchase with only a mortgage and their own savings, whereas 11% needed bank financing and family support. This Continue Reading
The total number of properties transferred in the property registers in August was 156,893. This represents 7.8% more than in the same month last year. 88.7% of purchases in August related to urban property and 11.3% were rural. In the case of urban properties, 58.5% were home purchases, amounting to 44,637 properties. On the monthly Continue Reading
There appears to be some dispute as to what is happening to the rental market. One thing that can be agreed is that average rental costs increased over the summer, but by how much depends on who you ask. According to the quarterly rental price report from pisos.com, the average rented home in Spain in Continue Reading
Spain received 10.2 million international tourists in August, 1.9% less than in the same month of 2017. While they were here, August’s visitors spent 11,539 million euros, representing an increase of 1.8% over the same month last year. The UK was the main emitting country, with more than 2.2 million heading here for their summer Continue Reading
Used-property prices in Spain increased by 2.9% during the third quarter of 2018. This rise leaves an average square metre at 1,712 euros, according to the latest idealista price index. Looking at the annual variation, the increase is 7.7%. Fernando Encinar, head of idealista studies, says “the data corroborates the opinions that normalisation is happening Continue Reading
The penthouse appears to be the most in-demand property on the housing market in Spain. Although ground floor flats have also rebounded, the penthouse is the most sought after. The average penthouse in Spain has a price of 275,735 euros, and a size of 118m². The same property in 2017 had an average size of Continue Reading
