Here you will find news, views, events and information relating to real-estate in Spain.
January saw 36,832 new mortgages approved for the purchase of a home. This is 22.5% more than last January, a significant increase, according to the INE. The average amount of capital borrowed was 121,036 euros, a slight drop of 0.7%. The total amount lent for home purchases reached 4,458 million euros, an annual increase of Continue Reading
In February Malaga-Costa del Sol Airport handled a 9.2% increase in passenger numbers when compared to the same month in 2018. Staff at the airport also dealt with a 6.1% increase in the number of flight operations. There were 1,052,194 passengers and 8,140 take-offs/landings in February, according to airport operator AENA. The vast majority of Continue Reading
The total number of property sales/purchases in the property registers in January was 198,298, 10.6% more than in the same month of 2018, according to data from the INE. 85.7% of purchases registered in January correspond to urban property, and 14.3% rural. In the case of urban properties, 56.5% were home sales. The number of Continue Reading
Purchases and sales of homes reached 40,388 transactions in January, a slight year-on-year increase of 0.3%, according to the General Council of Notaries. By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. Meanwhile, transactions for second-hand homes fell by 1.5%, while sales of new property increased by 0.1%. The sale Continue Reading
The Spanish Government have approved the new rental decree, following the failed attempt which was overturned by Congress in December. The decree went into effect on Wednesday, five days after receiving cabinet approval. At a time when affordable rental properties are becoming scarce, the decree from Pedro Sánchez’s government aims to add protection for tenants Continue Reading
Spain received 4.2 million international tourists in January, 2.2% more than in the same month of the previous year. The UK was the main source of tourists, with 807,347 travellers visiting Spain in January. This represents 19.2% of the total tourists and is an annual increase of 1%, according to data from the INE. German Continue Reading
The average price of second-hand housing in Spain stood at €1,887 p/m² in February. This represents an increase of 0.6% when compared to January. The slight monthly increase continues the tone seen throughout last year. The sharpest increase of the last 12 months was from April to May 2018, when prices increased 1.3%. Looking at Continue Reading
International buyers continue to see Spain as a safe place for their investments. According to an analysis of the data of the latest Yearbook of the College of Registrars of Spain conducted by Sonneil, 2018 saw record sales of homes to foreign buyers with a total of 65,295 operations. This is 11% more than in Continue Reading
The price of rental housing in Spain registered a slight drop of 0.7% in January, when compared to January of the previous year. This is only the second decline in rental prices since March 2015. In fact, except for two slight falls, we have seen 47 consecutive months of increases in rental prices. “After almost Continue Reading
The gap between tenant budgets and rental prices is growing, according to a report from property portal pisos.com. The gap between supply and demand grew to 147 euros in 2018, a massive 68% increase when compared to 2017. This means tenants are looking at paying 1,764 euros per year more than they can afford. This Continue Reading
