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Tag Archives: Q1

Housing Sales Up in First Quarter

Average house prices rose 4.6% in Q1

There was an increase in housing sales in most of Spain’s autonomous communities in the first quarter of 2017. This is according to the latest figures released by the National Council of Notaries. In the first quarter, the sale of housing saw average national growth of 19.2% year-on-year. All the autonomous communities saw growth except Continue Reading

Malaga Airport Passenger Numbers Increase

The airport handled 12.9% more flights in Q1

Málaga-Costa del Sol Airport closed the first quarter of 2017 with an increase in both passenger numbers and flight operations. When compared to the same period in 2016 there was an increase of 13.7% in passenger numbers, while the airport handled 12.9% more flights. Between January and March 2017, the airport handled 2,982,158 travellers and Continue Reading

Rental Costs Increased In Q1

Average rent costs up 8.8% in Q1

The price of rental property in Spain increased by 8.8% during the first quarter of 2017. The average price of rental property now stands at 8.9€ per square metre, per month. According to research from idealista, the increase in rental costs is being driven by increased demand. The demand is being led by two distinct Continue Reading

Q1 Saw Resale Property Prices Fall

Q1 closed with a 2.2% drop in prices

Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading

Foreigners Still Buying Property in Spain

Home purchases in Spain by foreign buyers continued to rise in the first half of 2016. From January to June almost 40,000 foreigners bought a home in Spain, 17.5% of the total property sales for that period. This is according to data released by property portal Idealista. The first quarter of 2016 saw foreigners by Continue Reading

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

Cost of Urban Land Increased 5.3% in Q1

The average price of urban land showed an annual increase of 5.3% in the first quarter of 2016, to stand at 157.7 euros per m², according to data released by the Ministry of Public Works. When compared to the previous quarter, the increase is 3.9%. When looking at the cost in municipalities of over 50,000 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

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