The average price of housing in Spain increased by 0.8% in the second quarter of 2016, when compared to the same period in the previous year. The figure represents the third consecutive quarter of growth despite being below the 1.4% increase recorded in the first quarter of the year. The cumulative average price fall since Continue Reading
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Tag Archives: property
Property Prices Fell 1.4% in Second Quarter
As we enter the third quarter of 2016 (already?) Spanish property prices appear to have stabilised and actually show a slight decline. Compared to the previous quarter, prices fell by 1.4% in Q2 leaving a square metre of resale property at a cost of 1,531 euros. On a year-on-year basis the decline is slightly larger Continue Reading
Rental Costs Increased 1% in May
The average price of rental housing in Spain increased by 1% in May, to stand at 7.36 Euros per square metre per month, according to the latest data released by online property portal, fotocasa. This monthly increase continues the trend seen in 2015, during which time rental costs began to increase month after month following Continue Reading
70% of Spaniards Prefer Ownership to Rental
A new report, released by property portal fotocasa, titled “The Spanish and Their Relation to Housing, 2015” shares interesting insight about the thoughts and knowledge of Spaniards in relation to the housing market in Spain. The report was prepared in order to analyse how the economic conditions of recent years have affected the attitude of Continue Reading
Foreclosures Fell by 11.6% in Q1
The number of evictions carried out between January and March this year represented an annual decrease of 11.6%, with 16,688 evictions performed across the country. The number represents the biggest fall since the first quarter of 2014 when the historical data series began. Location The number of foreclosures fell in 14 of the country’s 17 Continue Reading
Andalusia and Valencia Have Most New Property
As the recovery continues and Spain begins to see the return of construction, it appears that the majority of new build free housing is concentrated in a few regions. Free housing refers to properties that are not subject to any public protection system and can be transferred between parties without any restriction. Together, Andalusia and Continue Reading
Coastal Areas See Increased Rental Costs
How many people working in real-estate have heard the question “How far is it from the beach?”. It would appear that proximity to the playa is an important part of the decision when choosing a rental property and the consequence of this demand is that provinces that sit on the coast are recording the largest Continue Reading
Property Sales Best Q1 Since 2010
According to data released by the Ministry of Public Works, there were 103,288 house sale transactions made before a notary in Spain in the first quarter of 2016. You would need to go back to 2010 to find the first quarter with as many sales. The figure represents an increase of 20.7% when compared to Continue Reading
