Here you will find news, views, events and information relating to real-estate in Spain.
The price of second-hand housing in Spain fell by -0.7% year-on-year in July. This places the average cost per square metre at 1,888 euros. The national average is a massive 38% lower than the average in Madrid! Thirteen autonomous communities presented positive monthly data in July. The community with the highest increase in second-hand house Continue Reading
As the country starts trying to get back to some sense or normality following lockdown, the property market recovered slightly. In June, there were 112,383 property transfers registered. Although this represents a 37.1% increase when compared to May, it is still 33% lower than in June 2019. When looking only at the sale of homes, Continue Reading
The price of rental housing in Spain experienced a quarterly decrease of -0.2% in June, the first drop in rental prices after six years of increases. However, the year-on-year price has risen by 9.1% to put the average cost per square metre per month at €10.82. “The price of rental housing in the second quarter Continue Reading
The price of housing in Spain didn’t go down as expected in the second quarter despite the corona virus lockdown. In fact, prices increased by 1.6% when compared to the previous quarter. Year-on-year the average price went down by 1.9%, but this was nothing like the change that some experts were predicting during the national Continue Reading
The profitability of putting your property in the rental market in coastal areas of Spain has been increasing year after year. Look for example at Cadiz, in Andalucia, where the profitability has risen to 7.5%, 0.6 points above the national average (6.9%). “Housing continues to give very high returns close to 7% on average. This Continue Reading
Despite the state of alarm and the lockdown measures in Spain, the price of a second-hand home increased by 1.3% in May, when compared to April. The year-on-year variation is -1.1%. The change puts the average price per square metre at 1,878 euros, according to figures from the fotocasa real estate index. Prices by Autonomous Continue Reading
In the second half of 2019, the sale of housing to foreign buyers increased by 0.5% year-on-year, according to figures released by the General Council of Notaries. Sales to foreign buyers recovered from the 3.2% decline which we saw in the first half of the year. Non-resident foreign buyers accounted for 42% of operations, a Continue Reading
During the first quarter of 2020, the cost of renting a home in Spain has increased by 6.5%, a trend that is expected to continue despite the situation with corona virus. The increase is the largest recorded in a first quarter in over 14 years of data, according to the fotocasa real estate index. The Continue Reading
Over three weeks of being confined to your home can make you wonder if it really is your home. According to a study carried out by Idealista, since the state of alarm was declared in Spain, the number of property buyers searching for a home within the provincial capitals has dropped from 44.1% to 38.8%. Continue Reading
According to a quarterly report from pisos.com, the average price of second-hand housing in Spain in March was 1,690 euros per square metre. This represents a decrease of 1.25% when compared to December 2019. Year-on-year, the fall is slightly smaller at -0.61%. When comparing March to February, the contraction is -0.89%. “The trend towards a Continue Reading
