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Tag Archives: real estate

Seven out of 10 Buyers Require Financing

15% of buyers had enough savings to buy

Seven out of 10 buyers who purchased a home in Spain in 2017 required bank financing and/or family assistance. In six out of 10 cases, only bank financing was required to complete a purchase. In one out of 10 cases, buyers also required family assistance on top of bank finance to buy their home. These Continue Reading

Used Property Prices Up 2.21% in February

The average price of second-hand housing in Spain in February was 1,574 euros per square metre. This represents a fall of -0.06% compared to January, when the price per unit area was 1,575 euros. When compared to February 2017 the variation was +2.21%. According to Ferran Font, director of studies at pisos.com, “recovery is a Continue Reading

Travellers to Marbella Increased in January

Hotel Puente Romano - ready to play!

Despite a pretty cold start to the year, Marbella hosted almost 30,000 travellers in January. This represents an increase of 18.49% when compared to the same month in the previous year. According to data from the Hotel Occupancy Survey of the National Institute of Statistics (INE), more than 74% of visitors came to the city Continue Reading

Cost of Renting Increased Again in January

Year-on-Year Variations in January by Autonomous Community

The cost of renting housing in Spain increased by 3.5% in January to stand at €8.44 p/m² per month. This is the largest monthly increase since March 2007 when the monthly variation was 6.3%. On a monthly basis, the cost of renting increased in 15 communities and decreased in two. The highest increase was recorded Continue Reading

Record Number of Foreign Buyers in 2017

2017 saw many records broken in Spain in relation to tourism and the real estate market. Now, figures from the Association of Registrars shows the number of properties sold to foreign buyers also broke records. During 2017, foreign buyers bought more than 61,000 homes in Spain, mostly in the coastal provinces and the islands. According Continue Reading

Spanish Home Sales Up 9.2% in December

10.7% increase in home sales in Andalucia

The number of properties transferred in the national property registers in December was 125,263, 1.9% more than the previous December. Of those transfers, the total number of sales/purchases was 64,135, representing an annual increase of 4.1%. 85% of those properties were urban, while the remaining 15% were rural properties. In the case of urban properties, Continue Reading

Used Property Prices Still Increasing

Prices increased 1.1% in Malaga, in January

It’s February already! How did that happen? All pointers at the end of last year suggested we would see a good 2018 and it has certainly started well. Used property prices in Spain registered a monthly increase of 0.7%, to stand at 1,597 euros p/m². When compared to January last year (1,508 euros p/m²), the Continue Reading

“Capitals and large cities” Top House Price Increases

The Mediterranean Coast was hit hardest by the crisis

The Tinsa IMIE General Index and Large Markets, which is calculated from the appraisals of finished housing (new and used), collects each month the interannual variation of the value of a m² of property and its level with respect to 2001 (base 1,000) in five representative areas that make up the housing market: “Capitals and Continue Reading

November Saw Property Sales Increase

Home sales increased 18.1% in November

There were 153,390 property transfers recorded in the property registers in November 2017. This represents a 4.9% increase when compared to the same month in 2016 , according to the latest figures from the National Institute of Statistics (INE). 85.4% of the purchases correspond to urban property, with the remaining 14.6% being for rural properties. Continue Reading

Tourist Spending Increased in November

The Canary Islands took 32.5% of tourist spending

International tourists visiting Spain in November spent a staggering 4,638 million euros while there were here. This represents an increase of 10.3% when compared to tourist spending in the same month in the previous year. The average expenditure per tourist was 1,054 euros, an annual increase of 2.7%. Tourists also spent slightly more on a Continue Reading