The property market on the Mediterranean Coast continues to attract foreign buyers, especially in glitzy Marbella. The town’s location between the sea and the mountains gives it a micro-climate unlike the rest of the country, and along with its numerous golf courses, hotels and beaches, the area remains popular. The reappearance of cranes on the Continue Reading
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Tag Archives: property
Resale Property Prices Fell Slightly in April
The average price of resale property in Spain fell by 0.2% in April, when compared to the previous month. The average price per square metre now stands at 1,624 Euros, according to data released by property portal fotocasa. This is slightly different to the figures released by Tinsa last week but the gap between the Continue Reading
Mortgage Approvals Increased in March
Following a great start to the year in terms of the number of property sales, mortgage statistics released today further demonstrate the improvements we are seeing in the Spanish property market. Cinco Dias reported that 46.7% of property purchases in March required external financing, an increase of 61% from the low that was seen in Continue Reading
Sales to Foreign Buyers Increased in Q1
The number of foreigners purchasing property in Spain continues to increase, as confirmed in data released by numerous agencies, including the General Council of Notaries and the Association of Registrars. During the first quarter of 2016, demand from foreign buyers has continued to grow despite the slight overall decline, with foreign money accounting for 12.93% Continue Reading
Only 3,000 Holiday Rental Properties Registered
Two days ago, on May 11th, the new regulations regarding compulsory registration of a short-term rental property came into force. From now on, every property owner who rents out their property on a short-term, or holiday, basis has to register their property and also ensure it complies with the regulations. So far, only 3,000 properties Continue Reading
House Prices Increase 0.1% in April
The price of residential property in Spain has remained stable through April and registered an increase of 0.1% year-on-year, according to House Price Index Data released today by Tinsa. In February the annual increase was recorded at 2.7% and in March prices grew 0.8%, yet still the market remains positive with the average value increase Continue Reading
Residential Property Sales Increased 16.8% in March
March saw an increase in property sales of 8.5% when compared to the same period in 2015, reaching 66,645 transactions. Of those properties, 83.4% were for urban properties, of which, 57.4% were private homes. The number of rural properties sold decreased by 5.2% on the annual rate, to stand at 11,058, while sales of urban Continue Reading
Resale Property Prices Stable in April
So far this year we have seen price increases in both property sales prices and also in rental costs strongly hinting that the real-estate market in Spain is recovering. However, the price of second-hand housing remained stable throughout April registering only a slight decline of 0.8%. The average price of property in Spain now sits Continue Reading
February Saw 34% Increase in Building Licences
The number of building licences approved in February increased by a whopping 34.8% year-on-year, reaching 5,663 licences, according to data released by the Ministry of Public Works. The data further validates the opinion that 2016 has started well for the real-estate and construction industries. The data also offers good prospects for the rest of the Continue Reading
