Rental costs experienced a rebound in Spain in 2016 and ended the year with a 15.9% increase. This leaves a square metre of rental property with an average price per month of 8.2 euros. Fernando Encinar, head of idealista studies, says that “This huge increase in demand is still not accompanied by a similar increase Continue Reading
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Tag Archives: property
Property Sales Increased in November
The total number of property sales in Spain increased by 6,8% in November. The number of home purchases increased by 17.3%, when compared to November 2015, according to the latest data from the INE. 84.6% of purchases correspond to urban properties, with 15.4% being rustic. In the case of urban sales, 56.3% were for the Continue Reading
Resale House Prices Fell Slightly During 2016
During 2016 resale house prices normalised, even recording a slight annual decline. Prices fell by 0.7% during the year to stand at an average of 1,533 euros p/m², despite a slight increase during the last quarter. Fernando Encinar, head of idealista research, said “2016 has been a turning point after the real-estate bubble burst in Continue Reading
Goodbye 2016 – It Was Emotional
As 2016 draws to a close we can all look back and reflect on the lessons learned, the choices made and the rewards earned from a turbulent year. As well as the usual ups and downs associated with the real-estate market there have been a few surprises to contend with this year. We had to Continue Reading
House Price Index Up 4% in Q3
The House Price Index for the third quarter of 2016, published this week by the National Institute of Statistics (INE), shows an annual increase of 4%. This highlights the “dynamism of the real estate market in much of the country”, according to Beatriz Toribio, head of research at fotocasa. This represents the tenth consecutive quarter Continue Reading
Property Prices Fell Slightly in November
The price of used housing in Spain registered a decline of 1.1% during November. The average price per square metre now stands at 1,497€, according to the latest figures from idealista. If we look at the data in November 2015 (1,564 euros p/m²), the year-on-year fall is 4.3%. Autonomous Communities The price of resale housing Continue Reading
Mortgage Approvals Up But The Game Has Changed
The mortgage market in Spain is continuing to pick up speed. We are still a long way from the volume of new mortgages that we saw during the property bubble, but recently we have seen double-digit growth in lending month after month. In Malaga over the first three quarters of the year there have been Continue Reading
Spanish Property Owners Not Worried About Brexit
Despite the concerns of the British regarding the Brexit, only three in 10 Spanish property owners believe that the UK’s departure from the EU will affect the Spanish real estate market. However, when you ask those who own properties in areas that are more popular with Britons (Catalonia, Valencia, Murcia, Andalusia, the Balearic and Canary Continue Reading
Rental Returns Increasing Year-on-Year
Buying a property in Spain and putting it out to rent seems to increase in profitability year on year. This is according to analysis by property portal fotocasa. Their data shows that the annual profitability that can be obtained from renting out a property is currently 5.3%. In 2015 it was 5.2%, in 2014 it Continue Reading
Housing Sales Increased in September
The total number of properties sold in Spain in September was 132,263, representing a slight decrease of -0.5% when compared to September in the previous year. The monthly variation was -1.7% when compared to August 2016. 86.4% of properties sold were urban, while the remaining 13.6% were rustic properties. In the case of urban properties, Continue Reading
