The average homebuyer in Spain is 38 years old, and in 51% of cases, has a permanent contract in the private sector, according to a study from online property portal fotocasa. The study also reveals that in 53% of cases, the purchase of a property is led by a woman, with men making the decision Continue Reading
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Tag Archives: property
Property Sales and Prices Increased in Q1
In the first quarter of this year almost all Spanish regions showed an increase in housing purchases, according to data released by the General Council of Notaries. There were increases in all regions except for Navarra and Aragon, and around 90% recorded double-digit increases. Catalonia and Asturias saw the largest increases in sales numbers with Continue Reading
Rental Costs Increased in Second Quarter
According to the latest data from property portal fotocasa, the average price of rental housing in Spain increased by 2.4% in the second quarter of the year, placing the average at 7.41€ per square metre, per month. “The rental market has experienced growing momentum in recent years and that is moving prices upwards. The rental Continue Reading
Spanish Real-Estate Investment Remains Profitable
Real-estate in Spain is still a great investment offering good returns, according to a study by property portal idealista. The profitability of buying a property to rent in Spain has increased to an average return of 6.1%, up from 5.5% this time last year, due to a strengthening demand for rental properties. The study, which Continue Reading
Fewer Than 50,000 New Homes Built in 2015
Spain’s housing stock increased only slightly (0.19% year-on-year) in 2015 with fewer than 50,000 new homes being built, bringing the total number of households in Spain to 25.5 million. The number of new properties represents the lowest figure of the historical series, which began in 2001, and is 11 times less, or 91.2% less, than Continue Reading
Property Sales Up. Mortgage Approvals Up, Say Notaries
According to data released by the General Council of Notaries, houses in Spain have dropped in value by 5.1% between January and May of 2016, reaching an average cost of 1,261€ p/m². When comparing to the same period in 2015 the decline in prices is 1.6%. The property market slowed in May following two months Continue Reading
Q2 Saw Rental Costs Increase 5.8%
The price of rental housing in Spain increased by 5.8% during the second quarter of 2016, reaching a price per square metre of 7.8€ per month. On the annual rate, the increase stands at 8.5%, according to the latest data released by property portal Idealista. Fernando Encinar, head of research for Idealista, says “… the Continue Reading
Resale Property Prices Fell Slightly in June
The price of resale (used) property in Spain fell by 0.4% in June, when compared to May, to reach an average cost per square metre of 1,531 euros. On the annual rate the decline is 3.1%, according to data released by property portal Idealista. Autonomous Communities June saw price increases in seven of the country’s Continue Reading
Rental Costs Showed Slight Increase in June
The national average rental cost in Spain was 629 euros per month in June, according to the latest data released by property portal pisos.com. The monthly increase, over May 2016, was very slight at 0.55%. The report puts the quarterly increase at 2.78%, while the annual rate was higher at 5.95%, when compared to June Continue Reading
Property Sales Increased 9.6% in May
The total number of properties sold in May increased by 9.6% when compared to the same month in the previous year, to reach 150,827 transactions. When looking at only residential property the increase over the previous year is much higher at 23.6%, reaching 36,425 transactions, according to data released by the National Statistics Institute (INE). This Continue Reading
