Madrid, Andalusia and Catalonia are the autonomous communities of Spain with the highest demand for new property, according to a new report from the IESE. The report suggests that Spain needs to build an average of 100,000 homes per year until 2020 to meet the increased demand for property. From 2020 to 2025 the demand Continue Reading
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Here you will find news, views, events and information relating to real-estate in Spain.
Tag Archives: property
Home Sales Increased 29% in April
April 2016 registered an increase in the number of house sales of 29%, when compared to the same month in the previous year, according to data released by the National Institute of Statistics (INE). In total, there were 153,060 property transfers in April, which represents a 15.4% increase in total property transfers over April 2015. Continue Reading
Spanish Housing Recovery – Get the Whole Story
A friend of mine told me an interesting yet slightly worrying story last night. He was sitting in the Myramar shopping centre in Fuengirola having a coffee while waiting for a children’s party to end. On the table next to him was a young English couple discussing property in Fuengirola. They had clearly just spent Continue Reading
Real-Estate in Spain “is stabilising”
According to the latest House Price Index from Tinsa, the price of housing in Spain increased by 1.3% in May, when compared to the same month in the previous year. From January to May the increase is 1.5%, slightly below the 1.9% registered for January to April, further confirming a stabilisation in the real-estate market. Continue Reading
BBVA Report Indicates Housing Recovery Continues
According to the latest Real Estate Flash Report from BBVA, despite a slow-down in house sales in March, the results from the first quarter of the year remain positive. Year-on-year, the first quarter closed with a 2.4% increase in property prices, a factor which the BBVA highlight as a confirmation of the recovery of the Continue Reading
Foreclosures Down 31.2% in First Quarter
Further to other data I have posted recently, the number of foreclosures has seen a significant fall in the first quarter of the year, adding to speculation that the property market recovery continues. The number of foreclosures on homes in Spain fell in Q1 by 31.2%, to stand at 6,118 actions, according to the latest Continue Reading
Cost of Rental Property Increased in April
The cost of renting a property in Spain increased in April by 0.8% to end the month on an average cost per square metre of €7.29, according to data released by property portal, fotocasa. The annual increase, when compared to April 2015, is actually 4.5%, one of the sharpest rises of recent months. Beatriz Toribio, Continue Reading
Data Points to Continued Housing Recovery
The price of housing in Spain increased in the first quarter of the year by 2.4% year-on-year, to stand at 1,492.4 euros per m², according to data released by the Ministry of Public Works. Despite the increase, in real terms (after inflation) housing in Spain is still 34.4% below the peak prices reached pre-crisis in Continue Reading
New Modern Development in La Cala de Mijas
At the heart of the Costa del Sol, on Mijas Costa, you will find the charming old fishing village of La Cala de Mijas, or simply La Cala as it is known by locals. Perfectly positioned for easy access to many coastal towns, La Cala is only 15 minutes from Marbella, and in the other Continue Reading
Mortgage Approvals Up 14.5% in March
The National Institute of Statistics (INE) have released data detailing new mortgage lending in March 2016 and it shows that there were 14.5% more mortgage approvals than in the same month in 2015. When looking at the total of all mortgages approved, the average amount increased by 1.7% over the same month in 2015, to Continue Reading
