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Tag Archives: property

Prices Down 100 Thousand Euros in Ten Years

Prices are down 43.7% since the crisis

The last ten years has seen the price of second-hand housing in Spain fall by an average of 103,294 euros, since the peak of April 2007. Back before the global financial crisis, the average price for a property of 80 square metres was 236,174 euros (2,952 euros/m²), but by February 2017 that price has fallen Continue Reading

Property Prices Dropped 0.7% in February

Property prices fell 0.7% in February

Resale property prices in Spain registered a slight fall in February. The average price stands at 1,497 euros per square metre, a fall of 0.7% when compared to January. When compared to February 2016, the interannual variation is -5.4%, according to data released by idealista. Autonomous Communities February saw the price of resale property increase Continue Reading

Brexit? Brits Still Dominate Sales to Foreigners

Sun, sea and sand still attracting British buyers

The purchase of housing in Spain by foreigners continues to gain weight, according to data from property registrars. However, the results of the Brexit referendum appear to have reduced the number of sales to British buyers. In 2016, foreigners acquired more than 53,000 homes, representing the highest figure in the historical series (starting in 2006), Continue Reading

Rental Costs Increased in January

The cost of renting increased in January

Rental costs in Spain increased by 1.7% in January to stand at an average of 7.61 € per square metre per month. This is the largest monthly increase since December 2007 when prices increased by 1.8% over the previous month. Additionally, year-on-year the price of rental housing has increased by 7.9% when compared to January Continue Reading

10 Steps to Buying Property in Spain

10 Steps to Buying Property in Spain

If you are thinking about buying property in Spain, you need to be sure you know what you are doing in order to avoid potential pitfalls. If you are tempted by the sun or you dream of waking up to a view of the Mediterranean then you are in the right place! The Costa del Continue Reading

Property Sales in December and 2016 Results

Property sales increased 5.9% in December

December 2016 saw a little over 60,000 property sales in Spain, an annual increase of 5.9%. 83.6% of purchases registered in December correspond to urban properties, and 16.4% to rustic. In the case of urban property sales, 57.3% were residential property. The number of sales of rural properties increased by 7.4%, year-on-year, while the number Continue Reading

Top 10 Ways to Enjoy Marbella

and Talk Marbella Paseo Maritimo

Marbella is a thriving Spanish coastal destination, rich in culture, gastronomy and nightlife. Millions of visitors each year either realise this as returning visitors or discover this fact as first timers. Money has been pumped into the ever-expanding infrastructure making Marbella more accessible and increasingly more popular not only for holiday makers but also for Continue Reading

Resale Property Prices Fell in January

Property prices fell 2,6% in January

After a good year in 2016, this year has started slowly for the real-estate market with the price of used housing registering a slight decline in January. The price of a square metre fell by 2.6%, to stand at 1,508 euros, according to figures released by idealista. Compared to January 2016, the annual decline is Continue Reading

Estepona Attracting Investment

The Valle Romano Golf Resort, Estepona

Investment fund HIG Capital has signed an agreement with real estate developer Neinor Homes for the purchase of 430 apartments located in the Valle Romano Golf complex in Estepona (Málaga), in a deal worth around 32 million euros. The Valle Romano Golf Resort is located next to a golf course of 60 hectares with eighteen Continue Reading

Profitability of Housing as an Investment Grows

Rental investment returns on housing increased in 2016

Return on investment for property bought to rent increased in 2016 across all property types. The average profitability offered by investment in rental housing has increased to 6.3%, from 5.5% in the previous year, due to the higher growth rate of rental prices compared to sales prices. According to a study by idealista, which looks Continue Reading